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.
Results for: AVY
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.