WASHINGTON (dpa-AFX) - Avery Dennison Corp. (AVY) revealed earnings for its fourth quarter that increased from last year but missed the Street estimates.
The company's bottom line totaled $174 million, or $2.16 per share. This compares with $143.1 million, or $1.77 per share, last year.
Excluding items, Avery Dennison Corp. reported adjusted earnings of $191.4 million or $2.38 per share for the period.
Analysts on average had expected the company to earn $2.41 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.6% to $2.186 billion from $2.111 billion last year.
Avery Dennison Corp. earnings at a glance (GAAP) :
-Earnings: $174 Mln. vs. $143.1 Mln. last year. -EPS: $2.16 vs. $1.77 last year. -Revenue: $2.186 Bln vs. $2.111 Bln last year.
For Fiscal 2025, the company expects EPS of $9.55-$9.95, and adjusted EPS of $9.80-$10.20. The Street is looking for EPS of $10.53.
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