Investing.com - Avery Dennison reported on Monday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Avery Dennison announced earnings per share of $1.27 on revenue of $1.53B. Analysts polled by Investing.com anticipated EPS of $1.11 on revenue of $1.51B.
Avery Dennison shares are down 7% from the beginning of the year and are trading at $120.41 , down-from-52-week-high.They are under-performing the S&P 500 which is down 0.47% from the start of the year.
Avery Dennison follows other major Basic Materials sector earnings this month
Avery Dennison's report follows an earnings beat by Air Products on Thursday, who reported EPS of $2.01 on revenue of $2.07B, compared to forecasts EPS of $1.98 on revenue of $2.06B.
Dow had missed expectations on Thursday with second quarter EPS of $-0.26 on revenue of $8.35B, compared to forecast for EPS of $-0.25 on revenue of $8.04B.
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