Avery Dennison: Q2 Earnings Snapshot
By AP News
Published - Jul 25, 2023, 07:00 AM ET
Last Updated - Jul 25, 2023, 07:00 AM EDT
MENTOR, Ohio (AP) — MENTOR, Ohio (AP) — Avery Dennison Corp. (AVY) on Tuesday reported second-quarter earnings of $100.4 million.
The Mentor, Ohio-based company said it had net income of $1.24 per share. Earnings, adjusted for one-time gains and costs, were $1.92 per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.01 per share.
The maker of office products posted revenue of $2.09 billion in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $2.16 billion.
