Avery Dennison Corp. Q3 adjusted earnings Miss Estimates

(RTTNews) - Avery Dennison Corp. (AVY) revealed a profit for its third quarter that climbed from last year.

The company's earnings came in at $149.5 million, or $1.69 per share. This compares with $108.3 million, or $1.20 per share, in last year's third quarter.

Excluding items, Avery Dennison Corp. reported adjusted earnings of $128.0 million or $1.45 per share for the period.

Analysts had expected the company to earn $1.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.8% to $1.76 billion from $1.68 billion last year.

Avery Dennison Corp. earnings at a glance:

-Earnings (Q3): $128.0 Mln. vs. $113.5 Mln. last year. -EPS (Q3): $1.45 vs. $1.26 last year. -Analysts Estimate: $1.47 -Revenue (Q3): $1.76 Bln vs. $1.68 Bln last year.

-Guidance: Full year EPS guidance: $5.95 to $6.10