Gentex Corp. Q1 Income Drops In Line With Estimates

Gentex Corp. (GNTX) revealed earnings for first quarter that decreased from last year in line with the Street estimates.

The company's earnings totaled $94.87 million, or $0.42 per share. This compares with $108.23 million, or $0.47 per share, last year.

Analysts on average had expected the company to earn $0.42 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 2.3% to $576.77 million from $590.23 million last year.

Gentex Corp. earnings at a glance (GAAP) :

-Earnings: $94.87 Mln. vs. $108.23 Mln. last year.
-EPS: $0.42 vs. $0.47 last year.
-Revenue: $576.77 Mln vs. $590.23 Mln last year.

by RTTNews Staff Writer

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