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Acuity Brands: Fiscal 1Q Earnings Snapshot

January 9, 2019

ATLANTA (AP) _ Acuity Brands Inc. (AYI) on Wednesday reported fiscal first-quarter net income of $79.6 million.

On a per-share basis, the Atlanta-based company said it had net income of $1.98. Earnings, adjusted for stock option expense and amortization costs, were $2.32 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.16 per share.

The lighting maker posted revenue of $932.6 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $931.7 million.

Acuity Brands shares have climbed almost 5 percent since the beginning of the year. The stock has fallen 35 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AYI at https://www.zacks.com/ap/AYI

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