Avery Dennison Corp. Q3 Income Advances 24%

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

The company said its bottom line came in at $113.5 million, or $1.26 per share. This was higher than $91.6 million, or $1.01 per share, in last year's third quarter.

Analysts had expected the company to earn $1.21 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 11.3% to $1.68 billion. This was up from $1.51 billion last year.

Avery Dennison Corp. earnings at a glance:

-Earnings (Q3): $113.5 Mln. vs. $91.6 Mln. last year. -Earnings Growth (Y-o-Y): 23.9% -EPS (Q3): $1.26 vs. $1.01 last year. -EPS Growth (Y-o-Y): 24.8% -Analysts Estimate: $1.21 -Revenue (Q3): $1.68 Bln vs. $1.51 Bln last year. -Revenue Change (Y-o-Y): 11.3%

-Guidance: Full year EPS guidance: $4.90 to $4.95