GLENDALE, Calif. (AP) _ Avery Dennison Corp. (AVY) on Wednesday reported first-quarter net income of $134.2 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Glendale, California-based company said it had net income of $1.60. Earnings, adjusted for restructuring costs, came to $1.66 per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.50 per share.

The maker of office products posted revenue of $1.72 billion in the period, which met Street forecasts.

Avery Dennison shares have declined 12% since the beginning of the year, while the Standard & Poor's 500 index has declined 11%. The stock has risen slightly more than 6% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AVY at https://www.zacks.com/ap/AVY

Automated Insights, source Associated Press News