July 23 (Reuters) - Avery Dennison on Tuesday

raised the lower end of its full-year earnings per share

forecast after posting a higher quarterly profit, benefiting

from strong demand for its labeling and packaging products.

The company had indicated earlier that its customers were

nearly through with destocking inventories built up during the

pandemic years. With the trend moderating, the firm saw higher

demand for its products, particularly in its solutions segment.

The company now expects its profit for full-year 2024 in the

range of $9.30 to $9.50 per share, compared with its prior view

of $9.00 to $9.50.

The company's overall revenue rose 6.9% to $2.24 billion for

the second quarter ended June 29, beating analysts' average

estimates of $2.18 billion, according to LSEG data.

Avery's materials group segment, which manufactures and

sells pressure-sensitive label materials and adhesive products

for industrial, medical applications, reported a 5% rise in

sales to $1.5 billion.

The company's net income rose to $176.8 million, or $2.18

per share, during the reported quarter, from $100.4 million, or

$1.24 per share, a year earlier.

On an adjusted basis, it reported a profit of $2.42 per

share, above estimates of $2.26 per share.

Ohio-based Avery provides branding and information labeling

for several industries such as apparel, automobiles, consumer

packaging, manufacturing and retail.