Avery Dennison Corp. Earnings Advance 14% In Q4

(RTTNews) - Avery Dennison Corp. (AVY) revealed a profit for its fourth quarter that increased from last year.

The company said its bottom line climbed to $89.0 million, or $0.99 per share. This was higher than $78.3 million, or $0.85 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.93 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.7% to $1.50 billion. This was up from $1.46 billion last year.

Avery Dennison Corp. earnings at a glance:

-Earnings (Q4): $89.0 Mln. vs. $78.3 Mln. last year. -Earnings Growth (Y-o-Y): 13.7% -EPS (Q4): $0.99 vs. $0.85 last year. -EPS Growth (Y-o-Y): 16.5% -Analysts Estimate: $0.93 -Revenue (Q4): $1.50 Bln vs. $1.46 Bln last year. -Revenue Change (Y-o-Y): 2.7%

-Guidance: Full year EPS guidance: $4.30 to $4.50.