Investing.com - Avery Dennison (NYSE:AVY) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Avery Dennison announced earnings per share of $2.25 on revenue of $2.10B. Analysts polled by Investing.com anticipated EPS of $2.05 on revenue of $1.91B.
Avery Dennison shares are up 14% from the beginning of the year and are trading at $205.05 , down-from-52-week-high.They are under-performing the S&P Global 100 which is up 15.67% 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 Tuesday, who reported EPS of $2.65 on revenue of $5.38B, compared to forecasts EPS of $2.67 on revenue of $5.38B.
Ecolab had beat expectations on Tuesday with second quarter EPS of $1.22 on revenue of $3.16B, compared to forecast for EPS of $1.21 on revenue of $3.11B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar