Avery Dennison Corp.
Avery Dennison Corp. beat Wall Street expectations for earnings and revenue in its first fiscal quarter.
The Glendale-based manufacturer of labeling and packaging materials had adjusted net income of $125 million, or $1.40 on a per-share basis, according documents filed Wednesday with the Securities and Exchange Commission. Earnings for the same period a year ago were $1.25 a share.
Analysts had expected earnings of $1.36 a share, according to Thomson Financial.
Revenue for the quarter was $1.78 billion, a jump of more than 13 percent from last year’s revenue of $1.57 billion. Analysts had expected revenue of $1.75 billion for Q1.
Avery Dennison stock (AVY) rose $1.27, or about 1.2 percent, on Wednesday to close at $106.67 on the New York Stock Exchange.
PS Business Parks Inc.
PS Business Parks Inc., an office and industrial real estate investment trust based in Glendale, beat Wall Street expectations for funds from operations and revenue in its first fiscal quarter.
The REIT reported funds from operations of $55.6 million, or $1.59 per share, for the period ended March 31. Revenue was $104 million.
Analysts had expected earnings of $1.50 a share and revenue of $101 million, according to Zacks Investment Research.
PS Business Parks (PSB) stock fell $1.56, or around 1.3 percent, on Wednesday to close at $113.89 on the New York Stock Exchange.
ASGN Inc., formerly On Assignment Inc., reported better-than-expected first quarter adjusted earnings of $44 million, or 83 cents a share.
Analysts had predicted earnings of 75 cents a share, according to Thompson Financial.
ASGN Inc. (ASGN) on Wednesday on rose 43 cents, or a fraction of a percent, to close at $82.38 the New York Stock Exchange.
In the first two hours after-hours trading, the stock fell 8 cents to $82.30