Acuity Brands: Fiscal 1Q Earnings Snapshot
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.