India, July 31 -- Shares of Gates Industrial Corporation Ltd. (GTES) were gaining in the pre-market on Friday after the company reported a surge in earnings, compared to the prior year. Further, the company raised its guidance for 2026.
In the pre-market session, the shares were at $26.83, up 1.05 points or 4.07 percent. On the previous day, the shares closed at $25.78.
The quarterly earnings attributable to shareholders were $170.9 million, up from $56.5 million last year. On a per share basis, earnings increased to $0.67 from $0.22 a year ago.
Net income from continuing operations was $178.2 million.
On an adjusted basis, earnings per share were $0.44.
The application-specific fluid power and power transmission solutions provider's n...