Avery Dennison: Q1 Earnings Snapshot
By AP News
Published - Apr 24, 2024, 06:55 AM ET
Last Updated - Apr 24, 2024, 06:55 AM EDT
MENTOR, Ohio (AP) — MENTOR, Ohio (AP) — Avery Dennison Corp. (AVY) on Wednesday reported first-quarter profit of $172.4 million.
On a per-share basis, the Mentor, Ohio-based company said it had net income of $2.13. Earnings, adjusted for non-recurring costs, came to $2.29 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.15 per share.
The maker of office products posted revenue of $2.15 billion in the period, meeting Street forecasts.
