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.
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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
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