Avery Dennison Corp. Announces 11% Increase In Q3 Profit

(RTTNews) - 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