Tuesday, 24 July 2007

Avery Dennison posts lower profit, cuts outlook

(Reuters) - CHICAGO, July 24 - Office supplies maker Avery Dennison Corp. on Tuesday posted a weaker-than-expected quarterly profit and cut its outlook for the year.



Net income in the second quarter fell about 23 percent to $85.8 million, or 87 cents a share, compared with $112 million, or $1.12, a year earlier.


Read more at Reuters.com Mergers News

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