Gates Industrial Corporation plc (GTES) released earnings for first quarter that Drops, from the same period last year
The company's earnings totaled $59.7 million, or $0.23 per share. This compares with $62.0 million, or $0.24 per share, last year.
Excluding items, Gates Industrial Corporation plc reported adjusted earnings of $88.7 million or $0.35 per share for the period.
The company's revenue for the period rose 0.4% to $851.1 million from $847.6 million last year.
Gates Industrial Corporation plc earnings at a glance (GAAP) :
-Earnings: $59.7 Mln. vs. $62.0 Mln. last year.-EPS: $0.23 vs. $0.24 last year.-Revenue: $851.1 Mln vs. $847.6 Mln last year.
-Guidance:Full year EPS guidance: 1.52 To 1.68Full year revenue guidance: 1 % To 4 %
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.