24.04.2024 12:51:43 - dpa-AFX: Avery Dennison Corp. Q1 Profit Increases, beats estimates
WASHINGTON (dpa-AFX) - Avery Dennison Corp. (AVY) revealed earnings for its
first quarter that 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.
Excluding items, Avery Dennison Corp. reported adjusted earnings of $185.1
million or $2.29 per share for the period.
Analysts on average had expected the company to earn $2.15 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 3.9% to $2.15 billion from $2.07
billion last year.
Avery Dennison Corp. earnings at a glance (GAAP) :
-Earnings (Q1): $172.4 Mln. vs. $121.2 Mln. last year.
-EPS (Q1): $2.13 vs. $1.49 last year.
-Revenue (Q1): $2.15 Bln vs. $2.07 Bln last year.
-Guidance:
Full year EPS guidance: $9.00 to $9.50
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