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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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
AVERY DENNISON DL 1 850354 Frankfurt 188,000 31.10.24 08:11:43 -1,000 -0,53% 0,000 0,000 188,000 189,000

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