Tuesday, Avery Dennison Corp. (AVT) said its third-quarter net income decreased marginally to $62.5 million or $0.59 per share from $62.7 million or $0.63 per share in the prior year period.
Adjusted net income for the quarter rose to $86.8 million or $0.82 per share from $80.4 million or $0.81 per share in the year-ago period. On average, 8 analysts polled by Thomson Reuters expected the company to report earnings of $0.57 per share for the quarter.
Net sales for the quarter declined to $1.54 billion from $1.72 billion in the comparable period. Five analysts estimated revenues of $1.47 billion for the quarter.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.