Avery Dennison Expects Second Quarter Sales Decline
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For the full-year 2011, the company expects earnings per share between $2.25 and $2.55, and adjusted (non-GAAP) earnings per share between $2.45 and $2.75, assuming net sales of between $6.8 and $6.9 billion. These estimates reflect a reduction from the company’s previous earnings per share guidance, primarily due to lower volumes in the company’s largest segments.
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