Avery Dennison shares are trading lower after the company reported worse-than-expected Q2 FY23 results and provided below-consensus Q3 guidance.
Portfolio Pulse from Benzinga Newsdesk
Avery Dennison's shares are trading lower following the company's worse-than-expected Q2 FY23 results and below-consensus Q3 guidance.
July 25, 2023 | 1:06 pm
News sentiment analysis
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NEGATIVE IMPACT
Avery Dennison's stock price is expected to decrease in the short term due to worse-than-expected Q2 FY23 results and lower Q3 guidance.
Avery Dennison's Q2 FY23 results were worse than expected and the company provided a Q3 guidance that was below consensus. This negative financial performance is likely to decrease investor confidence and lead to a short-term decrease in the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100