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Gates Industrial: 2Q Earnings Snapshot

DENVER (AP) _ Gates Industrial Corp. (GTES) on Tuesday reported second-quarter net income of $21.5 million.

The Denver-based company said it had profit of 7 cents per share. Earnings, adjusted for one-time gains and costs, came to 26 cents per share.

The manufacturer of power transmission and fluid power systems posted revenue of $809.9 million in the period.

Gates Industrial shares have fallen 24% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $10, a drop of 44% 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