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Avery Dennison Corp. Q2 adjusted earnings Beat Estimates

Avery Dennison Corp. (AVY) reported earnings for second quarter that dropped from the same period last year.

The company's earnings came in at $95.6 million, or $1.07 per share. This compares with $120.9 million, or $1.34 per share, in last year's second quarter.

Excluding items, Avery Dennison Corp. reported adjusted earnings of $147.5 million or $1.66 per share for the period.

Analysts had expected the company to earn $1.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 13.5% to $1.85 billion from $1.63 billion last year.

Avery Dennison Corp. earnings at a glance:

-Earnings (Q2): $147.5 Mln. vs. $117.8 Mln. last year.
-EPS (Q2): $1.66 vs. $1.31 last year.
-Analysts Estimate: $1.55
-Revenue (Q2): $1.85 Bln vs. $1.63 Bln last year.

Full year EPS guidance: $5.95 to $6.10

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