12:57 PM EST, 02/06/2025 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph.)

Gates Industrial ( GTES ) shares were up over 10% in recent trading on Thursday after fiscal Q4 adjusted earnings and revenue exceeded analyst estimates.

The company reported fiscal Q4 adjusted earnings of $0.36 per diluted share, down from $0.37 a year earlier.

Analysts polled by FactSet expected $0.33.

Net sales for the quarter ended Dec. 28 were $829.4 million, down from $863.3 million a year earlier.

Analysts surveyed by FactSet expected $827.5 million.

The company said it expects 2025 adjusted EPS of $1.36 to $1.52. Analysts surveyed by FactSet expect $1.51.

Price: 22.93, Change: +2.16, Percent Change: +10.40