Avery Dennison Q3 2024 Adj EPS $2.33 Beats $2.32 Estimate, Sales $2.18B Miss $2.20B Estimate
Portfolio Pulse from Benzinga Newsdesk
Avery Dennison reported Q3 2024 earnings per share of $2.33, slightly beating the estimate of $2.32. However, sales were $2.18 billion, missing the $2.20 billion estimate. Sales increased by 4.05% compared to the same period last year.
October 23, 2024 | 10:46 am
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Avery Dennison's Q3 2024 earnings per share slightly beat expectations, but sales fell short of estimates. Despite the sales miss, there was a year-over-year increase in sales.
The slight EPS beat is positive, but the sales miss could concern investors. The year-over-year sales growth is a positive sign, but the mixed results may lead to short-term stock volatility.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100