DENVER (AP) _ Gates Industrial Corp. (GTES) on Tuesday reported third-quarter profit of $35.5 million.
The Denver-based company said it had net income of 12 cents per share. Earnings, adjusted for one-time gains and costs, came to 22 cents per share.
The manufacturer of power transmission and fluid power systems posted revenue of $746.6 million in the period.
Gates Industrial shares have fallen 16% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.15, a decrease of 22% in the last 12 months.