Gates Industrial: 2Q Earnings Snapshot
DENVER (AP) _ Gates Industrial Corp. (GTES) on Wednesday reported second-quarter profit of $85.6 million.
The Denver-based company said it had net income of 29 cents per share. Earnings, adjusted for one-time gains and costs, were 38 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The manufacturer of power transmission and fluid power systems posted revenue of $875.1 million in the period.