These Analysts Slash Their Forecasts On Avery Dennison After Q3 Results

Avery Dennison Corporation (NYSE:AVY) reported mixed results for the third quarter on Wednesday.

The company posted third-quarter adjusted earnings per share of $2.33, beating the street view of $2.32. Quarterly revenues of $2.18 billion missed the analyst consensus of $2.20 billion.

“We delivered a strong third quarter with strong earnings growth, above expectations, driven by higher volume and productivity gains,” said Deon Stander, president and CEO. “Both our Materials and Solutions Groups delivered strong bottom-line growth.”

“In Intelligent Labels, we are delivering another year of strong growth and continue to see significant opportunity ahead. Adoption of our solutions in new categories is increasing, particularly in Food, as the ...