Avery Dennison Corp. Q2 Profit Rises 16%

(RTTNews) - Avery Dennison Corp. (AVY) released earnings for its second quarter that climbed from last year.

The company said its bottom line totaled $98.7 million, or $1.09 per share. This was up from $84.8 million, or $0.91 per share, in last year's second quarter.

Analysts had expected the company to earn $1.01 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.3% to $1.54 billion. This was up from $1.52 billion last year.

Avery Dennison Corp. earnings at a glance:

-Earnings (Q2): $98.7 Mln. vs. $84.8 Mln. last year. -Earnings Growth (Y-o-Y): 16.4% -EPS (Q2): $1.09 vs. $0.91 last year. -EPS Growth (Y-o-Y): 19.8% -Analysts Estimate: $1.01 -Revenue (Q2): $1.54 Bln vs. $1.52 Bln last year. -Revenue Change (Y-o-Y): 1.3%

-Guidance: Full year EPS guidance: $3.80 - $3.95