Gentex Corp. Earnings Rise 16% In Q2

(RTTNews) - Gentex Corp. (GNTX) announced a profit for its second quarter that climbed from last year.

The company said its bottom line totaled $86.49 million, or $0.30 per share. This was up from $74.56 million, or $0.25 per share, in last year's second quarter.

Analysts had expected the company to earn $0.29 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.7% to $423.80 million. This was up from $379.26 million last year.

Gentex Corp. earnings at a glance:

-Earnings (Q2): $86.49 Mln. vs. $74.56 Mln. last year. -Earnings Growth (Y-o-Y): 16.0% -EPS (Q2): $0.30 vs. $0.25 last year. -EPS Growth (Y-o-Y): 20.0% -Analysts Estimate: $0.29 -Revenue (Q2): $423.80 Mln vs. $379.26 Mln last year. -Revenue Change (Y-o-Y): 11.7%

-Guidance: Full year revenue guidance: $1.68 - $1.72 Bln