Avery Dennison Stock Soars 9.5% After Strong Quarterly Earnings Beat
Avery Dennison Corporation (AVY) saw its stock jump sharply after releasing strong quarterly results. On October 22, shares climbed 9.5% following better-than-expected earnings for the third quarter. The Ohio-based materials science company, valued at over $13 billion, has shown resilience despite broader stock market challenges this year.
The latest earnings report revealed a 1.5% year-over-year rise in revenue, reaching $2.2 billion. Adjusted earnings per share also grew by 1.7%, hitting $2.37. This performance boosted investor confidence, pushing the stock higher in a single day.
AVY’s third-quarter results have provided a short-term lift, though its longer-term performance still trails the broader stock market today. The stock’s technical position suggests stability, while analyst projections point to possible further gains. Investors will likely watch whether the company can sustain this momentum in the coming months.
