Avery Dennison Corp. Profit Climbs 13% In Q3

(RTTNews) - Avery Dennison Corp. (AVY) revealed earnings for its third quarter that gained ground from last year.

The company said its bottom line rose to $91.6 million, or $1.01 per share. This was up from $81.3 million, or $0.87 per share, in last year's third quarter.

Analysts had expected the company to earn $1.00 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.7% to $1.51 billion. This was up from $1.47 billion last year.

Avery Dennison Corp. earnings at a glance:

-Earnings (Q3): $91.6 Mln. vs. $81.3 Mln. last year. -Earnings Growth (Y-o-Y): 12.7% -EPS (Q3): $1.01 vs. $0.87 last year. -EPS Growth (Y-o-Y): 16.1% -Analysts Estimate: $1.00 -Revenue (Q3): $1.51 Bln vs. $1.47 Bln last year. -Revenue Change (Y-o-Y): 2.7%

-Guidance: Full year EPS guidance: $3.95 - $4.00