Avery Dennison Corp. (AVY) disclosed an increase in their fourth-quarter earnings in comparison to the previous year's same period. However, their earnings fell short of the Wall Street's approximations.
For this period, the company's earnings amounted to $143.1 million or $1.77 per share. This is in contrast to last year’s fourth quarter figures of $122.9 million or $1.51 per share.
On eliminating certain factors, Avery Dennison Corp. reported adjusted earnings of $174.6 million, which equals $2.16 per share. Analysts had on average anticipated the company to have an earning of $2.17 per share, as per details compiled by Thomson Reuters. These analysts' estimates routinely disregard special items.
The organization’s revenue for the quarter escalated by 3.9%, reaching $2.11 billion from $2.03 billion in the previous year.
A quick overview of Avery Dennison Corp.'s earnings in accordance with the Generally Accepted Accounting Principles (GAAP) depicts:
-Earnings for Q4: $143.1 million, up from $122.9 million last year.
-Earnings Per Share (EPS) for Q4: $1.77, up from $1.51 last year.
-Analysts' Estimate: $2.17
-Revenue for Q4: $2.11 billion, up from $2.03 billion last year.
