Avery Dennison Corp. Reports 13% Advance In Q1 Profit

(RTTNews) - Avery Dennison Corp. (AVY) revealed earnings for its first quarter that advanced from last year.

The company said its bottom line advanced to $85.2 million, or $0.94 per share. This was up from $75.1 million, or $0.81 per share, in last year's first quarter.

Analysts had expected the company to earn $0.86 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.6% to $1.49 billion. This was down from $1.53 billion last year.

Avery Dennison Corp. earnings at a glance:

-Earnings (Q1): $85.2 Mln. vs. $75.1 Mln. last year. -Earnings Growth (Y-o-Y): 13.4% -EPS (Q1): $0.94 vs. $0.81 last year. -EPS Growth (Y-o-Y): 16.0% -Analysts Estimate: $0.86 -Revenue (Q1): $1.49 Bln vs. $1.53 Bln last year. -Revenue Change (Y-o-Y): -2.6%

-Guidance: Full year EPS guidance: $3.75 - $3.90