DENVER (AP) _ Gates Industrial Corp. (GTES) on Tuesday reported fourth-quarter net income of $19.4 million.
The Denver-based company said it had net income of 7 cents per share. Earnings, adjusted for one-time gains and costs, were 19 cents per share.
The manufacturer of power transmission and fluid power systems posted revenue of $725.7 million in the period.
For the year, the company reported profit of $690.1 million, or $2.37 per share. Revenue was reported as $3.09 billion.
Gates Industrial shares have declined slightly more than 8% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $12.60, a decline of 16% 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