Investing.com - Avery Dennison (NYSE:AVY) reported on Wednesday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Avery Dennison announced earnings per share of $2.46 on revenue of $2.32. Analysts polled by Investing.com anticipated EPS of $2.46 on revenue of $2.3B.
Avery Dennison shares are up 103.3% from the beginning of the year, still down 22.78% from its 52 week high of $229.24 set on November 8, 2021.
Avery Dennison follows other major Materials sector earnings this month
Avery Dennison's report follows an earnings beat by Sherwin-Williams on Tuesday, who reported EPS of $2.83 on revenue of $6.05B, compared to forecasts EPS of $2.59 on revenue of $5.81B.
Freeport-McMoran had missed expectations on October 20 with third quarter EPS of $0.26 on revenue of $5B, compared to forecast for EPS of $0.3167 on revenue of $5.37B.
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