Gentex tops Street 1Q forecasts

Associated Press |

ZEELAND, Mich. (AP) _ Gentex Corp. (GNTX) on Friday reported first-quarter net income of $97.6 million.

On a per-share basis, the Zeeland, Michigan-based company said it had net income of 33 cents.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.



The maker of automatic-dimming rearview mirrors and other products posted revenue of $453.5 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $446.9 million.

Gentex shares have climbed slightly more than 5 percent since the beginning of the year. The stock has increased 29 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GNTX at https://www.zacks.com/ap/GNTX

Keywords: Gentex, Earnings Report

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