Gentex climbs after strong Q1 results

Gentex

28/04/2023 13:30

** Shares of auto parts manufacturer Gentex Corp  GNTX.O  up
~1% at $26.54 premarket on Q1 results beat
    ** Co reports Q1 earnings of 42 cents/shr vs est of 38
cents/shr - Refinitiv data
    ** Co also beats Q1 sales expectations - Refintiv data
    ** GNTX expects FY23 revenue at $2.2 bln, slightly above
Wall St estimates of $2.1 bln - Refinitiv data
    ** Easing supply chain issues and improving demand
contributed to co's results - CEO Steve Downing 
    ** Up to last close, stock had fallen 3% YTD

 (Reporting by Johann M Cherian in Bengaluru)
 ((johann.mcherian@thomsonreuters.com;))