Avery Dennison Q4 Profit From Cont. Ops. Rises - Quick Facts

(RTTNews) - Avery Dennison Corp. (AVY) reported income from continuing operations of $70.1 million or $0.75 per share for the 14 weeks ended Jan. 03, 2015, compared to $44.7 million or $0.45 per share, in the 13 weeks ended Dec. 28, 2013. Adjusted earnings per share from continuing operations was $0.90, for the quarter.

On average, seven analysts polled by Thomson Reuters expected the company to report profit per share of $0.80 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased to $1.61 billion from $1.58 billion last year. Analysts expected revenue of $1.62 billion for the quarter.

The company expects 2015 earnings per share of $2.95 to $3.15. Excluding an estimated $0.25 per share for restructuring costs and other items, the company expects adjusted earnings per share of $3.20 to $3.40. Analysts expect the company to report 2015 earnings per share of $3.39.