Oct 22 (Reuters) - Packaging products maker Avery

Dennison reported third-quarter earnings above Wall

Street estimates on Wednesday, aided by its cost cuts and price

hikes.

Inflation and tariff-related uncertainty had pushed the

label maker to raise prices to preserve margins.

Strong performance in the solutions group segment, driven by

high-value categories and the intelligent labels business,

helped boost revenue.

Revenue from the segment rose 2% from a year earlier to $700

million. Material group segment revenue was up 1.2% at $1.52

billion.

For the third quarter, Avery posted an adjusted profit of

$2.37 per share, compared with estimates of $2.33 per share,

according to data compiled by LSEG

Revenue rose 1.5% to $2.22 billion, in line with analysts'

estimates.

The Ohio-based company now expects adjusted profit for the

fourth quarter in the range of $2.35 to $2.45 per share, in line

with analysts' average estimates.

Avery Dennison on Wednesday launched RFID sensor labels for

fresh food in collaboration with Walmart, enabling item-level

tracking in meat, bakery and deli to reduce waste and improve

inventory accuracy.