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Gates Industrial: 1Q Earnings Snapshot

DENVER (AP) _ Gates Industrial Corp. (GTES) on Tuesday reported first-quarter profit of $613.7 million.

The Denver-based company said it had net income of $2.08 per share. Earnings, adjusted for one-time gains and costs, were 28 cents per share.

The manufacturer of power transmission and fluid power systems posted revenue of $804.9 million in the period.

Gates Industrial shares have risen 19% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $15.73, an increase of 5% in the last 12 months.

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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