Gates Industrial (GTES) Q1 Earnings and Revenues Surpass Estimates

Gates Industrial (GTES) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of$ 0.33 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this manufacturer of power transmission and fluid power systems would post earnings of$ 0.34 per share when it actually produced earnings of $0.36, delivering a surprise ...