Investing.com - Avery Dennison (NYSE:AVY) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Avery Dennison announced earnings per share of $2.14 on revenue of $2.07B. Analysts polled by Investing.com anticipated EPS of $2.04 on revenue of $2.01B.
Avery Dennison shares are up 36% from the beginning of the year, still down 7.42% from its 52 week high of $228.88 set on August 30. They are outperforming the S&P 500 which is up 21.8% from the start of the year.
Avery Dennison follows other major Basic Materials sector earnings this month
Avery Dennison's report follows an earnings missed by Sherwin-Williams on Tuesday, who reported EPS of $2.09 on revenue of $5.15B, compared to forecasts EPS of $2.13 on revenue of $5.09B.
Freeport-McMoran had beat expectations on October 21 with third quarter EPS of $0.89 on revenue of $6.08B, compared to forecast for EPS of $0.8088 on revenue of $6.18B.
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