Avery Dennison Earnings Drop 12%, Plans $100 Million Cost Cutting Program

Avery Dennison reported net earnings of $64.2 million down 12% from the year ago quarter. Net reported earnings of 62 cts/share beat analysts’ estimates of 54 cts/share, according to Thompson Reuters (New York). The company also announced plans for a restructuring program that will cut costs by $100 million/year to be completed by 2013....

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