DENVER (AP) _ Gates Industrial Corp. (GTES) on Tuesday reported a second-quarter loss of $22.4 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Denver-based company said it had a loss of 8 cents. Earnings, adjusted for one-time gains and costs, came to 3 cents per share.

The manufacturer of power transmission and fluid power systems posted revenue of $576.5 million in the period.

Gates Industrial shares have declined 19% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.14, a rise of 14% in the last 12 months.

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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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