Avery Dennison Corp. Q2 Profit Increases, Beats Estimates

(RTTNews) - Avery Dennison Corp. (AVY) reported a profit for its second quarter that Increased from last year and beat the Street estimates.

The company's bottom line came in at $189.0 million, or $2.41 per share. This compares with $176.8 million, or $2.18 per share, last year.

Excluding items, Avery Dennison Corp. reported adjusted earnings of $189.5 million or $2.42 per share for the period.

Analysts on average had expected the company to earn $2.39 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 0.7% to $2.220 billion from $2.235 billion last year.

Avery Dennison Corp. earnings at a glance (GAAP) :

-Earnings: $189.0 Mln. vs. $176.8 Mln. last year. -EPS: $2.41 vs. $2.18 last year. -Revenue: $2.220 Bln vs. $2.235 Bln last year.

-Guidance: Next quarter EPS guidance: $2.24 to $2.40