Impressive Earnings, Fresh Deals Propel Prices of These 10 Firms

6. Gates Industrial Corp. PLC (NYSE:GTES)

Gates Industrial resumed its winning streak for a third consecutive day, ending Thursday’s trading up by 11.8 percent to finish at $23.22 apiece with analysts pointing to beating earnings per share (EPS) estimates as having buoyed investor sentiment.

In its latest earnings release, Gates Industrial said net income for the fourth quarter of 2024 dived by 40 percent to $41.1 million from the $69.1 million registered in the same period last year, while net profit for the full year 2024 declined by 14 percent to $219.9 million from $256.4 million year-on-year.

Net sales also dipped by 3.9 percent in the said quarter to $829.4 million from $863.3 million year-on-year, while for the full year, net sales decreased by 4.5 percent to $3.4 billion from $3.57 billion.

However, earnings per share stood at $0.36, beating analyst expectations of $0.33 by 9 percent.