Gates Industrial: Q4 Earnings Snapshot

Associated Press Finance
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DENVER (AP) — DENVER (AP) — Gates Industrial Corp. (GTES) on Thursday reported profit of $62.9 million in its fourth quarter.

The Denver-based company said it had profit of 24 cents per share. Earnings, adjusted for one-time gains and costs, came to 39 cents per share.

The manufacturer of power transmission and fluid power systems posted revenue of $863.3 million in the period.

For the year, the company reported profit of $232.9 million, or 84 cents per share. Revenue was reported as $3.57 billion.

Gates Industrial expects full-year earnings in the range of $1.28 to $1.43 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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