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AVY - Avery Dennison News Story

$192.81 -3.7  -1.9%

Last Trade - 5:45pm

Sector
Basic Materials
Size
Large Cap
Market Cap £11.88bn
Enterprise Value £13.23bn
Revenue £5.07bn
Position in Universe 685th / 6841

BUZZ-Avery Dennison: Demand for packaging products powers Q4 results, upbeat profit view

Wed 3rd February, 2021 1:49pm
** Shares of packaging products maker  AVY.N  rise 3.5% to
$161.50 premarket; stock set to open at two-week high
    ** Reports better-than-expected Q4 EPS and revenue, helped
by strong demand in its label and graphic materials unit, its
biggest, during the coronavirus crisis  urn:newsml:reuters.com:*:nBw9MynLa
    ** AVY sees 2021 adj. earnings per share between $7.65 and
$8.05, above analysts' average estimate of $7.31 per share,
according to IBES data from Refinitiv
    ** Up to Tuesday's close, stock had risen 16% in the past 12
months

 (Reporting by Ankit Ajmera in Bengaluru)
 ((Ankit.Ajmera@thomsonreuters.com))
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