Avery Dennison: Q3 Earnings Snapshot
By AP News
Published - Oct 23, 2024, 06:52 AM ET
Last Updated - Dec 16, 2024, 06:05 PM EST
MENTOR, Ohio (AP) — MENTOR, Ohio (AP) — Avery Dennison Corp. (AVY) on Wednesday reported third-quarter net income of $181.7 million.
On a per-share basis, the Mentor, Ohio-based company said it had net income of $2.25. Earnings, adjusted for restructuring costs, were $2.33 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.32 per share.
The maker of office products posted revenue of $2.18 billion in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $2.2 billion.
