Avery Dennison Corp. (AVY) reported second quarter adjusted EPS of $1.09 Wednesday morning, up from $0.91 in the previous year. Analysts expected EPS of $1.01. The company now expects to report full year adjusted EPS of $3.80 to $3.95. The consensus estimate is for EPS of $3.83.
Avery Dennison climbed during the second half of the morning Wednesday and took out the session highs late in the afternoon. Shares finished up by 2.18 at $78.55. The stock surged past resistance and set a new high for the year.
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