Gates Industrial jumps on quarterly results beat

Gates Industrial

06/02/2025 18:40

** Shares of industrial machinery firm Gates Industrial
 GTES.N  up 9.75% at $22.78; highest since December 5
    ** Company reports Q4 sales of $829.4 million, above
analysts' average estimate of $828 million, according to data
compiled by LSEG
    ** GTES also reports Q4 adj. profit of $0.36 per share,
above analysts' average estimate of $0.33 per share
    ** Company expects FY25 adj. profit of $1.36 to $1.52 per
share    
    ** Shares rose ~53.28% in 2024




 (Reporting by Megha Kumari in Bengaluru)
 ((Megha.Kumari@thomsonreuters.com;))