MENTOR, Ohio (AP) — MENTOR, Ohio (AP) — Avery Dennison Corp. (AVY) on Wednesday reported third-quarter profit of $166.3 million.
The Mentor, Ohio-based company said it had profit of $2.13 per share. Earnings, adjusted for one-time gains and costs, came to $2.37 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.32 per share.
The maker of office products posted revenue of $2.22 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $2.21 billion.
For the current quarter ending in December, Avery Dennison expects its per-share earnings to range from $2.35 to $2.45.
Avery Dennison shares have dropped 13% since the beginning of the year, while the S&P’s 500 index has risen 15%. The stock has fallen 24% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVY at https://www.zacks.com/ap/AVY
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
