Avery Dennison Corp. (AVY) posted higher first-quarter 2013 net income of $57.8 million, or $0.57 a share, compared with the year-ago period's $43.9 million, or $0.41 a share. On an adjusted basis, net income from continuing operations totaled $59.7 million, or $0.59 a share. On average, 7 analysts polled by Thomson Reuters expected earnings per share of $0.58 for the quarter. Analysts' estimates typically exclude one-time items.
Quarterly net sales were $1.50 billion, a 4% increase from the previous year's $1.44 billion. Analysts estimated revenues of $1.53 billion for the quarter.
Based on other assumptions and the exclusion of DES, the company now sees 2013 earnings per share from continuing operations of $2.23 to $2.58. Excluding an estimated $0.17 per share for restructuring costs and other items, net of gain on sale of assets, the company expects adjusted earnings per share from continuing operations of $2.40 to $2.75. Nine analysts project full-year earnings of $2.56 per share.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.