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Avery Dennison Corporation (AVY)

- NYSE
  • Apr. 23, 2014, 9:44 AM
    • Avery Dennison (AVY) net income climbed to $71.2M from $57.8M.
    • Sales rose almost 5% on an organic basis.
    • Sales breakdown: Pressure-sensitive Materials +6%, Retail Branding & Information Solutions +2%.
    • Expects FY adjusted EPS from continuing operations of $2.90-3.20 vs consensus of $3.04.
    • Shares are -4.8% following the Q1 EPS and revenue misses.
    • PR
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  • Jul. 23, 2013, 9:46 AM
    More on Avery Dennison (AVY) Q2: net profit +7.2% to $68.8M as organic sales increase 5%. Gross margin nudges up to 26.9% from 26%. Sales breakdown: pressure-sensitive-materials +3.1%; retail-branding & information-solutions +7.3% amid higher demand from retailers and brands in U.S. and Europe. Avery Dennison narrows FY EPS guidance to $2.50-2.70 from previous forecast of $2.40-2.75 and vs consensus of $2.58. Shares +3.45%. (PR)
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  • Jan. 30, 2013, 9:10 AM
    Premarket gainers: BIOC +20%. CPNO +18%. MGAM +15%. AVY +11%. CHK +11%. AMZN +9%. UIS +8%. ISIS +8%. GEVO +5%.
    Losers: GOL -6%. WBSN -5%
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  • Oct. 3, 2012, 5:03 PM
    3M (MMM) has terminated its deal to purchase Avery Dennison's (AVY) Office and Consumer Products business. Commenting on the news, Jesse Singh, MMM's VP and GM of Stationery and Office Supplies says “While we are disappointed with this turn of events, we remain focused, as always, on investing in product innovation and providing our customers with a broad range of premier products.” AVY -3.3%, MMM -0.3%.
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  • Sep. 4, 2012, 4:03 PM
    The DOJ is seeking to block 3M's (MMM -1%) $550M takeover of Avery Dennison’s (AVY -5.2%) office-products unit, threatening a lawsuit if it doesn't abandon the transaction. The agency is ready to move to block the merger as soon as the end of this week. As it stands, the deal - which was announced over eight months ago - would combine the two largest label makers in the world.
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  • Jul. 24, 2012, 10:58 AM
    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.
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  • Jan. 31, 2012, 2:28 PM
    Label and tag maker Avery Dennison (AVY -5.7%) loses ground after its Q4 earnings miss the mark. Profit fell 81% Y/Y on sales declines throughout its retail branding and specialty businesses. The company also lowers 2012 guidance, now expecting its EPS to come in between $1.80 - $2.15, below the Street view of $2.71.
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  • Jan. 31, 2012, 8:34 AM
    Avery Dennison (AVY): Q4 EPS of $0.39 misses by $0.08. Revenue of $1.45B (-0.5% Y/Y) misses by $150M. Shares -3.2% premarket. (PR)
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  • Oct. 26, 2011, 12:44 PM
    Avery Dennison's (AVY -5.02%) takes a hit after its Q3 earnings missed the mark, primarily due to weak demand in its retail branding segment. The company says it expects the negative trend to continue, and lowers its FY11 forecast. It now expects to earn between $2.15 - $2.30 per share, below its July projection of $2.45 - $2.75 per share.
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  • Jul. 19, 2011, 9:00 AM
    Premarket gainers: IDCC +28%. HOG +9%. FEED +8%. JVA +6%. EK +6%. CTIC +6%. PII +5%. RBS +5%. MGM +5%. XING +4%. ALU +4%. ING +4%. LYG +3%. NBG +3%. WYNN +3%. TZOO +3%. RENN +3%. MOS +3%. SINA +3%. NVS +3%. LVS +3%. ASML +3%.
    Losers: SBLK -16%. AVY -10%. GS -3%.
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  • Jul. 19, 2011, 8:17 AM
    Avery Dennison (AVY) lowers its outlook for 2011 on weak Q2 sales and earnings. The firm now sees FY'11 EPS of $2.45-$2.75 vs. $3-$3.30/share. Shares plummet -10.1% premarket.
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Company Description
Avery Dennison Corp is engaged in the production of pressure-sensitive materials, office products and a variety of tickets, tags, labels and other converted products.