Investing.com - Avery Dennison (NYSE:AVY) reported on Wednesday fourth quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Avery Dennison announced earnings per share of $2.13 on revenue of $2.18B. Analysts polled by Investing.com anticipated EPS of $2.13 on revenue of $2.13B.
Avery Dennison shares are down 4% from the beginning of the year and are trading at $206.39 , down-from-52-week-high.They are outperforming the S&P 500 which is down 4.61% from the start of the year.
Avery Dennison follows other major Materials sector earnings this month
Avery Dennison's report follows an earnings missed by Sherwin-Williams on Friday, January 14, 2022, who reported EPS of $1.35 on revenue of $4.76B, compared to forecasts EPS of $1.68 on revenue of $4.76B.
Freeport-McMoran had missed expectations on Wednesday, January 26, 2022 with fourth quarter EPS of $0.96 on revenue of $6.16B, compared to forecast for EPS of $0.9703 on revenue of $6.44B.
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