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Non-Tech : Gentex (GNTX)
GNTX 23.68+2.9%12:47 PM EST
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To: prolific who wrote (95)3/18/1998 1:29:00 AM
From: Turs  Read Replies (1) of 196
 
GNTX announced today after the close that they will beat consensus expectations for the first quarter by around 10%. EPS should come in at .33-.34/share. I expect that unit mirror shipments will be up over 40% in Q1 and earnings will be up over 50% because of the improvement in gross margins and operating margins. The company also said not to expect the second half of the year to be as strong as the first half, but still show nice strength
(probably 25%+). They also officially raised their guidance of unit mirror shipment growth for '98 from the 25-30% range to roughly 30% (and I expect probably higher given that the first half will show growth of 40%+).

Stock was up nicely today so it may not have that big of a pop tomorrow.....but you never know. '98 EPS should be at least $1.30 and likely $1.60 for '99 (for now anyway).
$40 by year end.
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