Gates Industrial Corp Q3 Adj. EPS $0.47 Beats $0.44 Estimate, Sales $903.600M Miss $904.935M Estimate

Gates Industrial Corp (NYSE:GTES) reported quarterly earnings of $0.47 per share which beat the analyst consensus estimate of $0.44 by 6.82 percent. This is a 20.51 percent increase over earnings of $0.39 per share from the same period last year. The company reported quarterly sales of $903.600 million which missed the analyst consensus estimate of $904.935 million by 0.15 percent. This is a 5.60 percent increase over sales of $855.700 million the same period last year.