Edition:
India

Avery Dennison Announces Q3 Earnings Per Share $1.69


Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Avery Dennison Corp ::AVERY DENNISON ANNOUNCES THIRD QUARTER 2018 RESULTS.Q3 ADJUSTED NON-GAAP EARNINGS PER SHARE $1.45.Q3 EARNINGS PER SHARE $1.69.Q3 SALES $1.76 BILLION VERSUS I/B/E/S VIEW $1.75 BILLION.Q3 EARNINGS PER SHARE VIEW $1.47 -- THOMSON REUTERS I/B/E/S.FY18 REPORTED EPS GUIDANCE RAISED BY $0.07, REFLECTING REDUCTION IN RESTRUCTURING COST ESTIMATE.MAINTAINED GUIDANCE FOR FY18 ADJUSTED EPS, DESPITE INCREMENTAL SECOND HALF HEADWIND FROM CURRENCY TRANSLATION.LABEL AND GRAPHIC MATERIALS MARGIN IN QUARTER DECLINED IN FACE OF CONTINUED INFLATIONARY PRESSURE.COMPANY NOW EXPECTS 2018 REPORTED EARNINGS PER SHARE OF $4.57 TO $4.92.QTRLY RESULTS FOR INDUSTRIAL AND HEALTHCARE MATERIALS WERE "DISAPPOINTING",HURT BY DECLINE IN CHINA AUTOMOTIVE BUSINESS.RELATED TO AVERY DENNISON PENSION PLAN, CONTRIBUTED $200 MILLION TO PLAN DURING Q3 USING COMMERCIAL PAPER BORROWINGS. 

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