BUZZ-Avery Dennison falls on lower-than-expected annual profit forecast

Reuters
01-30
BUZZ-Avery Dennison falls on lower-than-expected annual profit forecast

** Shares of adhesive manufacturer Avery Dennison Corp AVY.N down 4.4% at $184.5 premarket

** Co expects annual adj. profit between $9.80 and $10.20 per share, below analysts' avg. estimate of $10.43 - LSEG data

** AVY expects $30 mln headwind to 2025 operating income from currency translation

** Reports Q4 adj. EPS of $2.38, in line with estimates

** Posts 3.6% increase in Q4 revenue of $2.19 bln

** Shares fell ~7.43% in 2024

(Reporting by Megha Kumari in Bengaluru)

((Megha.Kumari@thomsonreuters.com;))

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