Avery Dennison Corp (AVY) reported fourth quarter net income of $49.9 million or $0.47 per share, compared to $42.6 million or $0.43 per share last year.
Adjusted net income was $46.8 million or $0.44 per share, compared to $64.0 million or $0.65 per share in the same quarter a year earlier.
On average, 8 analysts polled by Thomson Reuters expected the company to report earnings of $0.68 per share. Analysts' estimates typically exclude special items.
Total net sales increased to $1.52 billion from $1.51 billion in the same quarter a year earlier.
Four analysts estimated revenues of $1.51 billion.
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