Avery Dennison Q1 Adj $2.29 Beats $2.15 Estimate, Sales $2.15B Inline
Portfolio Pulse from Benzinga Newsdesk
Avery Dennison (NYSE:AVY) reported Q1 adjusted earnings of $2.29 per share, surpassing the $2.15 estimate, marking a 34.71% increase from last year. Sales reached $2.15B, meeting estimates and showing a 4.16% year-over-year growth.
April 24, 2024 | 10:47 am
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POSITIVE IMPACT
Avery Dennison reported a significant beat on Q1 adjusted earnings per share and met sales forecasts, indicating strong financial health and operational efficiency.
Beating earnings estimates typically leads to positive investor sentiment, potentially driving up the stock price in the short term. Meeting sales forecasts confirms the company's ability to sustain growth, further supporting a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100