WASHINGTON (dpa-AFX) - Materials science and digital identification
solutions company Avery Dennison Corp. (AVY) on Wednesday trimmed its fiscal
2024 earnings view on a reported basis, but maintained adjusted earnings
outlook.

The company now expects fiscal 2024 reported earnings per share of $8.60 to
$9.10, compared to previously expected $8.65 to $9.15.

The company continues to expect 2024 adjusted earnings per share of $9.00 to
$9.50.

Analysts on average expect the company to earn $9.32 per share, according to
figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

Deon Stander, president and CEO, said, 'We continue to expect strong earnings
growth in 2024 and remain confident that the consistent execution of our
strategies will enable us to meet our long-term goals for superior value
creation through a balance of profitable growth and capital discipline.'

In its first quarter, Avery Dennison's earnings increased from last year and
beat the Street estimates.

The company's earnings totaled $172.4 million, or $2.13 per share. This compares
with $121.2 million, or $1.49 per share, in last year's first quarter.

Adjusted earnings were $185.1 million or $2.29 per share for the period.
Analysts had expected the company to earn $2.15 per share.

The company's revenue for the quarter rose 3.9 percent to $2.15 billion from
$2.07 billion last year.

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