Avery Dennison Corp. (AVY) reported a profit for its third quarter that advanced compared to the same period last year.
The company said its bottom line climbed to $81.3 million, or $0.87 per share. This was up from $73.0 million, or $0.77 per share, in last year's third quarter.
Analysts had expected the company to earn $0.84 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter fell 5.8% to $1.47 billion. This was down from $1.56 billion last year.
Avery Dennison Corp. earnings at a glance:
-Earnings (Q3): $81.3 Mln. vs. $73.0 Mln. last year.
-Earnings Growth (Y-o-Y): 11.4%
-EPS (Q3): $0.87 vs. $0.77 last year.
-EPS Growth (Y-o-Y): 13.0%
-Analysts Estimate: $0.84
-Revenue (Q3): $1.47 Bln vs. $1.56 Bln last year.
-Revenue Change (Y-o-Y): -5.8%
-Guidance:
Full year EPS guidance: $3.30 - $3.40
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