Avery Dennison's Mixed Q3: Earnings Beat, Revenue Falls Short, Tightens Annual Outlook & More
Portfolio Pulse from Nabaparna Bhattacharya
Avery Dennison Corporation reported mixed Q3 results with earnings slightly beating expectations but revenue falling short. The company tightened its annual outlook and revised its 2024 earnings guidance. Despite a strong balance sheet, AVY shares fell by 1.89%.
October 23, 2024 | 3:57 pm
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Avery Dennison's Q3 earnings slightly beat expectations, but revenue missed. The company revised its 2024 earnings guidance and maintained a strong balance sheet. Despite these factors, AVY shares fell by 1.89%.
Avery Dennison's earnings beat expectations, but the revenue miss and tightened annual outlook likely contributed to the 1.89% drop in share price. The revised guidance for 2024, despite being slightly positive, was not enough to offset the negative sentiment from the revenue miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100