Avery Slashes Profit Outlook

Summary


PASADENA - The country's largest producer of adhesive-label paper posted small second-quarter profits, but analysts on Wednesday seemed to cool on the company's earning prospects.

Pasadena-based Avery Dennison Corp. posted a $96.4 million profit from March 1 to June 30, which beat last

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Avery Slashes Profit Outlook

year's earnings during the same time by $6.2 million.

The profit increase was driven by Avery's pur...

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