DENVER (AP) _ Gates Industrial Corp. (GTES) on Tuesday reported first-quarter net income of $35.6 million.

On a per-share basis, the Denver-based company said it had profit of 12 cents. Earnings, adjusted for non-recurring costs, came to 21 cents per share.

The manufacturer of power transmission and fluid power systems posted revenue of $710.1 million in the period.

Gates Industrial shares have declined 41% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $8.08, a fall of 50% in the last 12 months.

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

Automated Insights, source Associated Press News