DENVER (AP) — DENVER (AP) — Gates Industrial Corp. (GTES) on Friday reported earnings of $59.7 million in its first quarter.
The Denver-based company said it had profit of 23 cents per share. Earnings, adjusted for one-time gains and costs, came to 35 cents per share.
The manufacturer of power transmission and fluid power systems posted revenue of $851.1 million in the period.
Gates Industrial expects full-year earnings in the range of $1.52 to $1.68 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
