Gates Industrial: Q1 Earnings Snapshot

DENVER (AP) — DENVER (AP) — Gates Industrial Corp. (GTES) on Wednesday reported profit of $62 million in its first quarter. The Denver-based company said it had net income of 24 cents per share.

Earnings, adjusted for one-time gains and costs, came to 36 cents per share. The manufacturer of power transmission and fluid power systems posted revenue of $847.6 million in the period.



Gates Industrial expects full-year earnings in the range of $1.36 to $1.52 per share.

This story was generated by Automated Insights ( http://automatedinsights.com/ap ) using data from Zacks Investment Research. Access a Zacks stock report on GTES at https://www.

zacks.com/ap/GTES.