UPDATE 2-Avery Dennison Q3 tops est; says end-markets still weak

martes 27 de octubre de 2009 15:32 CET

* Q3 EPS $0.82 vs est $0.57

* Sees Q4 seasonal volumes sequentially lower

* Says end-markets still weak * Shares up nearly 6 pct (Adds Q4 outlook, updates share movement)

Oct 27 (Reuters) - Label and office supplies maker Avery Dennison Corp (AVY.N: Cotización) posted better-than-expected quarterly profit as restructuring actions helped margins, but said its end-markets remained soft.

Higher raw material costs would pressure the fourth quarter and seasonal volume would be sequentially lower, the company said in a filing with the Securities and Exchange Commission.

Change in the company's fiscal calendar would reduce fourth-quarter sales by $50 million sequentially, it added.

The company posted third-quarter profit of $62.5 million, or 59 cents a share, compared with $62.7 million, or 63 cents a share, a year earlier.

Excluding certain charges, earnings were 82 cents a share.

Revenue fell 10 percent to $1.55 billion.   Continuación...