Avery Dennison Corp. reported third quarter net income of $85 million (85 cents per share) a slight dip from $86.2 million (86 cents) for the same period a year earlier.

Sales for the Pasadena-based office supply and label maker were up 5 percent to $1.42 billion but were off due to environmental remediation, restructuring charges and stock-option expense, causing the company to tweak its full-year earnings outlook to a range of $3.56 to $3.68 a share, down from $3.58 to $3.81.

“Notwithstanding the impact of an environmental reserve that reduced our reported earnings, we delivered solid operational results in the third quarter and are on track to achieve our goals in 2006,” said Dean Scarborough, Avery’s chief executive, in a statement.

Shares in Avery closed down $1.13 to $62.17 Tuesday.