Avery Dennison Corp. (AVY) announced earnings for its second quarter that advanced from the same period last year.
The company's profit came in at $143.4 million, or $1.69 per share. This compares with $95.6 million, or $1.07 per share, in last year's second quarter.
Excluding items, Avery Dennison Corp. reported adjusted earnings of $146.7 million or $1.72 per share for the period.
Analysts had expected the company to earn $1.68 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 2.7% to $1.80 billion from $1.85 billion last year.
Avery Dennison Corp. earnings at a glance:
-Earnings (Q2): $146.7 Mln. vs. $147.5 Mln. last year.
-EPS (Q2): $1.72 vs. $1.66 last year.
-Analysts Estimate: $1.68
-Revenue (Q2): $1.80 Bln vs. $1.85 Bln last year.
-Guidance:
Full year EPS guidance: $6.50 to $6.65
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