Gentex jumps on better-than-expected profit, revenue

Gentex

22/04/2022 15:31

** Supplier of electronics to automotive industries  GNTX.O 
jumps as much as 8% to $30.89, looking at its best day since
April 2020
    ** Co reports first-quarter adj earnings of 37 cents a
share, beating estimates of 32 cents a share, according to data
from Refinitiv 
    ** Revenue drops 3.2% to $468.3 mln from a year ago; but
still ahead of analysts' estimates of $430.3 mln
    ** 7 of 10 analysts rate the stock "buy" or higher, 1 "hold"
and 2 "sell" 
    ** Stock down nearly 14% so far

 (Reporting by Mehnaz Yasmin in Bengaluru)
 ((Mehnaz.Yasmin@thomsonreuters.com))