BUZZ-Gates Industrial jumps on quarterly results beat

Reuters

02/07

** Shares of industrial machinery firm Gates Industrial GTES.N up 9.75% at $22.78; highest since December 5

** Company reports Q4 sales of $829.4 million, above analysts' average estimate of $828 million, according to data compiled by LSEG

** GTES also reports Q4 adj. profit of $0.36 per share, above analysts' average estimate of $0.33 per share

** Company expects FY25 adj. profit of $1.36 to $1.52 per share

** Shares rose ~53.28% in 2024

(Reporting by Megha Kumari in Bengaluru)

((Megha.Kumari@thomsonreuters.com;))

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