GLENDALE, Calif. (AP) _ Avery Dennison Corp. (AVY) on Tuesday reported first-quarter net income of $198.2 million.

On a per-share basis, the Glendale, California-based company said it had net income of $2.39. Earnings, adjusted for restructuring costs, came to $2.40 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.18 per share.

The maker of office products posted revenue of $2.35 billion in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $2.3 billion.

Avery Dennison expects full-year earnings in the range of $9.45 to $9.85 per share.

Avery Dennison shares have dropped 22% since the beginning of the year, while the S&P's 500 index has dropped nearly 10%. The stock has fallen 17% 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

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