ZEELAND — Gentex Corp. (GNTX) on Friday reported first-quarter net income of $87.5 million.
On a per-share basis, the Zeeland-based company said it had net income of 37 cents.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.
The maker of automatic-dimming rearview mirrors and other products posted revenue of $468.3 million in the period, also surpassing Wall Street forecasts. Four analysts surveyed by Zacks expected $434.2 million.
Gentex expects full-year revenue in the range of $1.87 billion to $2.02 billion.