Avery Dennison Corporation, based in Pasadena, CA, USA, reported net income of US$68.4 million or US$0.69 per share for the first quarter, compared with $79.1 million or $0.80 per share the previous year.
Daniel R. OBryant, executive VP and CFO of Avery Dennison, said this week that the companys sales in July and August were well below expectations, and that a continuation of the trend would result in 2007 earnings below the what the company had antici