Results for: Avery Dennison

Avery Dennison (AVY) reported mixed results for the third quarter, exceeding earnings per share expectations but falling short on revenue. The company’s CEO highlighted strong growth in both its Materials and Solutions Groups, particularly in Intelligent Labels, driven by increasing adoption in the Food industry. Despite the mixed results, the company raised its guidance for adjusted earnings per share, but analysts have mixed reactions, with some downgrading their ratings and others maintaining a bullish outlook.

Several prominent Wall Street analysts have recently downgraded their outlook on a handful of top companies, including Seres Therapeutics, Avery Dennison, ICON, WillScot Holdings, and Verizon Communications. These downgrades could signal potential challenges for these businesses or a shift in market sentiment. This article provides a detailed overview of the analyst actions and their potential implications.

Avery Dennison Corporation (AVY) reported strong third-quarter earnings per share, exceeding analyst expectations. However, revenue fell short of estimates. The company also raised its full-year guidance for adjusted earnings per share.