Avery Dennison Corp, the adhesive products maker, said that fourth quarter earnings rose slightly despite a fall in revenue.
The US company said net income was US$ 67.5 million, or 69 cents per dilut…
Avery Dennison Corp, the adhesive products maker, said that fourth quarter earnings rose slightly despite a fall in revenue. The US company said net income was US$ 67.5 million, or 69 cents per diluted share, compared with US$ 67.3 million, or 67 cents, a year earlier. Avery Dennison said sales fell 1.2% to US$ 933.1 million from US$ 944.8 million. Excluding the effect of currency exchange rates, sales grew 4.2%. The company warned that fourth quarter revenue would fall short of expectations due to sluggish economic conditions in North America.