Get Stock Quote Here Avery Dennison Corporation (AVY) is a global manufacturer and distributor of pressure-sensitive adhesive materials (such as self-adhesive labels), apparel branding labels and tags, RFID inlays, and specialty medical products.
Avery Dennison beats Street 3Q forecasts GLENDALE, Calif. (AP) _ Avery Dennison Corp. (AVY) on Wednesday reported third-quarter earnings of $89.1 million. On a per-share basis, the Glendale, California-based company said it had profit of 98 cents. Earnings, adjusted for one-time gains and costs, were $1.01 per share. The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1 per share. The maker of office products posted revenue of $1.51 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $1.5 billion. Avery Dennison expects full-year earnings in the range of $3.95 to $4 per share. Avery Dennison shares have risen 21 percent since the beginning of the year, while the Standard & Poor's 500 index has risen almost 5 percent. The stock has risen 19 percent in the last 12 months.
The chart is not great but the close above June/July low was encouraging but not out of the woods yet.
