RTTNews | Apr 28, 2021 06:51AM EDT

06:51 Wednesday, April 28, 2021 (RTTNews.com) - Avery Dennison Corp. (AVY) announced a profit for its first quarter that increased from last year.

The company's bottom line came in at $209.5 million, or $2.50 per share. This compares with $134.2 million, or $1.60 per share, in last year's first quarter.

Excluding items, Avery Dennison Corp. reported adjusted earnings of $201.3 million or $2.40 per share for the period.

Analysts had expected the company to earn $2.03 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 19.2% to $2.05 billion from $1.72 billion last year.

Avery Dennison Corp. earnings at a glance:

-Earnings (Q1): $201.3 Mln. vs. $139.5 Mln. last year.-EPS (Q1): $2.40 vs. $1.66 last year.-Analysts Estimate: $2.03-Revenue (Q1): $2.05 Bln vs. $1.72 Bln last year.

-Guidance:Full year EPS guidance: $8.40 to $8.80

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