ADVFN - Advanced Financial Network.
HOME» NYSE » A » AVY Stock Price » AVY Stock News

Avery Dennison Share News

 Avery Dennison Corp. Stock Price
AVY Stock Price
 Avery Dennison Corp. Stock Chart
AVY Stock Chart
 Avery Dennison Corp. Stock News
AVY Stock News
 Avery Dennison Corp. Company Information
AVY Company Information
 Avery Dennison Corp. Stock Trades
AVY Stock Trades

Avery Dennison 4Q Profit Up On Charges; Shares Fall Amid View

DOW JONES NEWSWIRES Avery Dennison Corp.'s (AVY) fourth-quarter earnings rose 17% on prior-year charges as the office-supply and label manufacturer said its sales eked higher and margins increased. The company also forecast 2010 earnings of $2 to $2.30 a share if organic sales--which exclude acquisitions, foreign currency translation and the impact of an extra week in the 2009 fiscal year--remain flat. Avery Dennison said that if sales rise 5%, earnings would be 70 cents higher. Analysts surveyed by Thomson Reuters expected $2.90 in earnings on a 6% revenue increase. Shares dropped 7.1% to $35.40 premarket as the latest quarter's profit was well below analysts' expectations. "While end markets remain soft, fourth-quarter sales reflect stabilizing inventory levels, resulting in solid improvement compared to the first half of the year," said President and Chief Executive Dean Scarborough. Avery Dennison has struggled with dwindling sales as demand has dropped during the economic downturn. The company has worked to cut costs and improved margins, helping to soften the blow to its bottom line. For the quarter ended Jan. 2, profit was $49.9 million, or 47 cents a share, up from $42.6 million, or 43 cents, a year earlier. Excluding restructuring and other impacts, earnings fell to 44 cents from 65 cents. Revenue rose 0.7% to $1.52 billion. Analysts polled by Thomson Reuters had most recently forecast earnings of 68 cents on $1.51 billion in revenue. Gross margin rose to 27.3% from 25%. -By Nathan Becker, Dow Jones Newswires; 212-416-2855; nathan.becker@dowjones.com

Stock News for Avery Dennison (AVY)
DateTimeHeadline
11/15/201307:11:08AQR Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201307:11:08AQR Capital Management 3Q 13F: Holdings As Of Sep -2-
07/23/201309:24:01Avery Dennison 2nd-Quarter Profit Up 7.2% on Sales, Margin Growth
03/29/201307:19:363M Says Court Upholds Validity of Retroreflective Sheeting Patent
10/24/201209:38:55Avery Dennison 3rd-Quarter Profit Rose 8.5% on Stronger Margins...
10/04/201209:21:09U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
10/03/201218:20:403M, Avery Dennison Scuttle $550 Million Acquisition
09/04/201219:41:05DOJ: 3M Abandons Avery Deal Amid Antitrust Lawsuit Threat
09/04/201219:39:30Justice Department: 3M Drops Plans to Acquire Avery Dennison's...
09/04/201216:31:18Justice Department May Sue to Block 3M Purchase of Avery Dennison...
06/21/201216:21:13Expanding Toll Roads Prompted 3M's $110 Million Deal for Federal...
04/21/201200:20:37MARKET SNAPSHOT: U.S. Stock Gains Hinge On Apple, Blue-chip Results
02/07/201217:20:07Staples, Avery Target Home Organization With Martha Stewart Line
01/31/201209:41:56Avery Dennison 4Q Profit Off 81% On Prior-Year Benefit, Sales...
01/26/201209:21:30CORRECT: 3M's 4Q Profit Up 2.8% On Industrial, Transportation...
01/26/201209:14:583M's 4Q Profit Up 2.8% On Industrial, Transportation Strength
01/03/201209:04:083M To Acquire Avery Dennison Office, Consumer Products Unit For...
07/26/201110:00:46CORRECT: Avery Dennison 2Q Profit Drops 13% On Volume Declines
07/26/201109:19:14Avery Dennison 2Q Profit Drops 13% On Volume Declines
04/27/201109:23:44Avery Dennison 1Q Net Drops 18% On Weaker Margins; Revenue Rises

Avery Dennison and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad