More on Avery Dennison (AVY) Q2: net profit -12% to $64.2M. Narrows FY EPS estimate to...

|About: Avery Dennison Corporation (AVY)|By:, SA News Editor

More on Avery Dennison (AVY) Q2: net profit -12% to $64.2M. Narrows FY EPS estimate to $1.90-2.05 from $1.80-2.15 prior, vs. consensus of $1.96. Started restructuring program that will bring $100M in annualized savings, although will take charges of $55M this year and $25M in 2013. Shares +8.75% for some reason.