Gates Industrial Corp Q2 Adj EPS $0.36 Beats $0.32 Estimate, Sales $936.30M Beat $935.63M Estimate
Portfolio Pulse from saritha@benzinga.com
Gates Industrial Corp (NYSE:GTES) reported Q2 earnings of $0.36 per share, beating the analyst consensus estimate of $0.32 by 12.5%. The company also reported quarterly sales of $936.30 million, beating the estimate of $935.63 million by 0.07%. This represents a 3.25% increase over sales from the same period last year.
August 04, 2023 | 3:14 pm
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POSITIVE IMPACT
Gates Industrial Corp reported better than expected Q2 earnings and sales, which could positively impact its stock price.
Gates Industrial Corp reported Q2 earnings and sales that beat analyst estimates. This positive financial performance could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100