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

Reuters
30 Jan
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;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10