DENVER (AP) — DENVER (AP) — Gates Industrial Corp. (GTES) on Wednesday reported net income of $70.7 million in its second quarter.
The Denver-based company said it had profit of 26 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 36 cents per share.
The manufacturer of power transmission and fluid power systems posted revenue of $885.5 million in the period.
Gates Industrial expects full-year earnings in the range of $1.29 to $1.35 per share.
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