Avery Dennison Q2 Adj EPS $1.92 Misses $1.99 Estimate, Sales $2.09B Miss $2.16B Estimate
Portfolio Pulse from Benzinga Newsdesk
Avery Dennison (NYSE:AVY) reported Q2 adjusted earnings of $1.92 per share, missing the analyst consensus estimate of $1.99 by 3.52%. This is a 27.27% decrease from the same period last year. The company also reported quarterly sales of $2.09 billion, missing the analyst consensus estimate of $2.16 billion by 3.24%, a 10.95% decrease from the same period last year.
July 25, 2023 | 10:46 am
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Avery Dennison's Q2 earnings and sales missed estimates, indicating a potential negative impact on the company's stock.
Avery Dennison's Q2 earnings and sales missed analyst estimates, which could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100