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The company said it expects low, double-digit percentage annual growth in diluted net profit from continuing operations for the three year period from 2008 through 2010.
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That's compared to a net loss of $1.3B and a diluted net loss of $.43 per share in the same quarter last year.
That's compared to a net loss of $847 million and a diluted net loss of $.28 per share in the second quarter of 2011.
The company reported a net loss of $767 million and a diluted net loss of $.26 per share for the third quarter of 2012 as compared to a net loss of $301 million and a diluted net loss of $.10 per share in the third quarter of 2011.
Avery Dennison posted non-GAAP, diluted net income per share of $0.61, beating analyst expectations.
Adjusted basic and diluted net loss per ADS were both $0.01 , versusa loss of $0.08 a year ago.
(He soaked them in diluted glass cleaner).
In the quarter a year earlier, a similar charge of $8.2 million, or 16 cents a diluted share, resulted in a net loss of $34.2 million, or 67 cents a diluted share.
The firm reported $64.6 million, or 54 cents a diluted share, in net income for the quarter on $467.4 million in net revenue, assuming the full exchange of exchangeable interests.
Charges for employee and customer-retention programs, revampings and improvements to MCI's data center resulted in a net loss of $391 million, or 56 cents a diluted share.
A loss of $427 million, or 41 cents a share, from the pens' business, which Gillette listed as a discontinued operation, resulted in a net loss of $131 million, or 13 cents a diluted share.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com