Gentex Corp. Q1 Earnings Climb 22%

(RTTNews) - Gentex Corp. (GNTX) released a profit for its first quarter that advanced compared to the same period last year.

The company said its bottom line advanced to $97.56 million, or $0.33 per share. This was higher than $80.28 million, or $0.28 per share, in last year's first quarter.

Analysts had expected the company to earn $0.31 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.8% to $453.54 million. This was up from $405.57 million last year.

Gentex Corp. earnings at a glance:

-Earnings (Q1): $97.56 Mln. vs. $80.28 Mln. last year. -Earnings Growth (Y-o-Y): 21.5% -EPS (Q1): $0.33 vs. $0.28 last year. -EPS Growth (Y-o-Y): 17.9% -Analysts Estimate: $0.31 -Revenue (Q1): $453.54 Mln vs. $405.57 Mln last year. -Revenue Change (Y-o-Y): 11.8%