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Avery Dennison Posts 1Q Loss

Stock quotes in this article: AVY  

PASADENA, Calif. (AP) — Adhesive label maker Avery Dennison Corp. on Tuesday reported a first-quarter loss, due to hefty restructuring and asset impairment charges and lower revenue.

It lost $46.2 million, or 46 cents per share, in the quarter ended April 4 in contrast to a profit of $68.4 million, or 69 cents per share, a year ago.

Excluding restructuring costs, asset impairment and lease cancellation charges and loss from debt extinguishment, Avery Dennison earned 11 cents per share. ...

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