Avery Dennison (NYSE: AVY) reported earnings on July 23. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended June 29 (Q2), Avery Dennison met expectations on revenues and beat slightly on earnings per share.

Compared to the prior-year quarter, revenue expanded slightly. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew.

Margins grew across the board.

Revenue details
 Avery Dennison recorded revenue of $1.55 billion. The five analysts polled by S&P Capital IQ predicted revenue of $1.54 billion on the same basis. GAAP reported sales were the same as the prior-year quarter's.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.71. The eight earnings estimates compiled by S&P Capital IQ anticipated $0.70 per share. Non-GAAP EPS of $0.71 for Q2 were 27% higher than the prior-year quarter's $0.56 per share. (The prior-year quarter included $0.12 per share in earnings from discontinued operations.) GAAP EPS of $0.68 for Q2 were 11% higher than the prior-year quarter's $0.61 per share. (The prior-year quarter included $0.12 per share in earnings from discontinued operations.)

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 26.9%, 80 basis points better than the prior-year quarter. Operating margin was 8.0%, 100 basis points better than the prior-year quarter. Net margin was 4.4%, 20 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $1.50 billion. On the bottom line, the average EPS estimate is $0.64.

Next year's average estimate for revenue is $6.08 billion. The average EPS estimate is $2.58.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Avery Dennison is hold, with an average price target of $42.43.

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