Investing.com - Avery Dennison (NYSE:AVY) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Avery Dennison announced earnings per share of $2.64 on revenue of $2.35B. Analysts polled by Investing.com anticipated EPS of $2.36 on revenue of $2.32B.
Avery Dennison shares are down 20% from the beginning of the year, still down 25.07% from its 52 week high of $229.24 set on November 8, 2021. They are under-performing the S&P 500 which is down 17.73% from the start of the year.
Avery Dennison follows other major Materials sector earnings this month
Avery Dennison's report follows an earnings matched by Ecolab on Tuesday, who reported EPS of $1.1 on revenue of $3.58B, compared to forecasts EPS of $1.1 on revenue of $3.49B.
Freeport-McMoran had missed expectations on July 21 with second quarter EPS of $0.58 on revenue of $5.42B, compared to forecast for EPS of $0.6163 on revenue of $6.13B.
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