Benzinga | Oct 21, 2020 07:10AM EDT

Avery Dennison: Q3 Earnings Insights

Shares of Avery Dennison (NYSE:AVY) moved higher by 1.2% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 15.06% year over year to $1.91, which beat the estimate of $1.53.

Revenue of $1,729,000,000 decreased by 1.82% year over year, which beat the estimate of $1,700,000,000.

Outlook

Avery Dennison hasn't issued any earnings guidance for the time being.

Avery Dennison hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Oct 21, 2020

Time: 01:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/v55nisja

Price Action

Company's 52-week high was at $141.09

52-week low: $76.96

Price action over last quarter: Up 15.50%

Company Profile

Avery Dennison manufactures pressure-sensitive materials, merchandise tags, and labels. The company also runs a specialty converting business that produces radio-frequency identification inlays and labels. Avery Dennison draws a significant amount of revenue from outside the United States, with international operations accounting for the majority of total sales.