April 23 (Reuters) - Avery Dennison AVY.N, which makes packaging and labeling products such as radio frequency tags, pulled its annual forecast on Wednesday and said it was shifting to quarterly projections because of macroeconomic uncertainty.

U.S. President Donald Trump's wave of tariffs has dented consumer confidence and led to a host of companies rethinking their annual goals and if they can achieve them.

"While uncertainty is elevated, we are prepared for multiple scenarios as we progress through the year," said Avery CEO Deon Stander.

Shares of the Ohio-based company, which has about 35,000 employees in more than 50 countries, fell nearly 2%.

The company expects its second-quarter adjusted profit to be between $2.30 and $2.50 per share, the midpoint of which is below analysts' average estimate of $2.47 per share, according to data compiled by LSEG.

For the first quarter, it posted an adjusted profit of $2.30 per share, compared with the estimate of $2.32 per share.

Revenue at its biggest unit — materials group, which manufactures and sells pressure-sensitive label materials and adhesive products for industrial and medical applications — fell about 1% over the year earlier.

The company's overall revenue marginally dipped to $2.15 billion from a year earlier, roughly in line with analysts' estimate.

(Reporting by Rupali Chaudhary; Editing by Shilpi Majumdar)

((Rupali.Chaudhary@thomsonreuters.com))