08:47 AM EDT, 10/30/2024 (MT Newswires) -- Gates Industrial ( GTES ) reported fiscal Q3 adjusted earnings Wednesday of $0.33 per diluted share, down from $0.36 a year earlier.

Analysts surveyed by Capital IQ expected $0.31.

Net sales for the quarter ended Sept. 28 was $830.7 million, compared with $872.9 million a year earlier. Analysts surveyed by Capital IQ expected $831.7 million.

For fiscal 2024, the company said it raised its adjusted EPS guidance to a range of $1.33 to $1.37 from previous guidance of $1.29 to $1.35. Analysts surveyed by Capital IQ expect $1.31.

Shares of Gates Industrial ( GTES ) were up more than 7% in recent premarket activity.

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