Avery Dennison Q3 Adj EPS $2.10, Inline, Sales $2.098B Miss $2.17B Estimate
Portfolio Pulse from Benzinga Newsdesk
Avery Dennison (NYSE:AVY) reported Q3 adjusted earnings of $2.10 per share, in line with analyst consensus. However, the company's quarterly sales of $2.098 billion missed the analyst consensus estimate of $2.17 billion by 3.36 percent. This represents a 14.63 percent decrease in earnings and a 9.45 percent decrease in sales compared to the same period last year.
October 25, 2023 | 10:47 am
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Avery Dennison's Q3 earnings met expectations but sales missed estimates, indicating a potential concern for investors.
Avery Dennison's earnings were in line with expectations, which is generally positive. However, the company's sales missed estimates, which could be a concern for investors as it indicates potential issues with revenue generation. Additionally, both earnings and sales have decreased compared to the same period last year, which could negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100