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Avery Dennison Corp. Q1 adjusted earnings Beat Estimates

Avery Dennison Corp. (AVY) announced a profit for its first quarter that advanced from last year.

The company's bottom line came in at $125.2 million, or $1.40 per share. This compares with $112.2 million, or $1.25 per share, in last year's first quarter.

Excluding items, Avery Dennison Corp. reported adjusted earnings of $128.7 million or $1.44 per share for the period.

Analysts had expected the company to earn $1.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.4% to $1.78 billion from $1.57 billion last year.

Avery Dennison Corp. earnings at a glance:

-Earnings (Q1): $128.7 Mln. vs. $99.7 Mln. last year.
-EPS (Q1): $1.44 vs. $1.11 last year.
-Analysts Estimate: $1.36
-Revenue (Q1): $1.78 Bln vs. $1.57 Bln last year.

Full year EPS guidance: $5.85 to $6.05

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