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GUSD Minting
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Gates Industrial shares tumble over 7% despite earnings beat
Gates Industrial (NYSE:GTES) reported fourth-quarter earnings that slightly exceeded analyst expectations and revenue that was also slightly above estimates. Despite the beat, the company’s shares fell sharply by 7.7% in pre-market trading, largely due to 2026 guidance that suggests limited growth ahead. The company anticipates core sales growth of 1% to 4% and adjusted EBITDA between $775 million and $835 million for 2026.