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Avery Dennison Corp. Q2 adjusted earnings Beat Estimates


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(RTTNews.com) - Avery Dennison Corp. ( AVY ) reported earnings for second quarter that dropped from the same period last year.

The company's earnings came in at $95.6 million, or $1.07 per share. This compares with $120.9 million, or $1.34 per share, in last year's second quarter.

Excluding items, Avery Dennison Corp. reported adjusted earnings of $147.5 million or $1.66 per share for the period.

Analysts had expected the company to earn $1.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.5% to $1.85 billion from $1.63 billion last year.

Avery Dennison Corp. earnings at a glance:


-Earnings (Q2): $147.5 Mln. vs. $117.8 Mln. last year.
-EPS (Q2): $1.66 vs. $1.31 last year.
-Analysts Estimate: $1.55
-Revenue (Q2): $1.85 Bln vs. $1.63 Bln last year.

<b>-Guidance</b>:

Full year EPS guidance: $5.95 to $6.10

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This article appears in: Fundamental Analysis , World Markets , Stocks , Earnings
Referenced Symbols: AVY ,



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