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Avery Dennison Corp. Q3 adjusted earnings Miss Estimates


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(RTTNews.com) - Avery Dennison Corp. ( AVY ) revealed a profit for its third quarter that climbed from last year.

The company's earnings came in at $149.5 million, or $1.69 per share. This compares with $108.3 million, or $1.20 per share, in last year's third quarter.

Excluding items, Avery Dennison Corp. reported adjusted earnings of $128.0 million or $1.45 per share for the period.


Analysts had expected the company to earn $1.47	 per share, according to 

figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.8% to $1.76 billion from $1.68 billion last year.

Avery Dennison Corp. earnings at a glance:

-Earnings (Q3): $128.0 Mln. vs. $113.5 Mln. last year. -EPS (Q3): $1.45 vs. $1.26 last year. -Analysts Estimate: $1.47

-Revenue (Q3): $1.76 Bln vs. $1.68 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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