Acuity Brands: Fiscal Q2 Earnings Snapshot
Acuity Brands: Fiscal Q2 Earnings Snapshot Acuity Brands Inc. (AYI) has reported fiscal second-quarter earnings of $89.2 million and adjusted for one-time gains and costs of $3.38 per share, exceeding Wall Street expectations. The company posted revenue of $905.9 million, also exceeding forecasts. Shares have risen by 28% since the beginning of the year and 43% in the last 12 months.
Published : 4 weeks ago by Associated Press in Business Finance
ATLANTA — ATLANTA — Acuity Brands Inc. (AYI) on Wednesday reported fiscal second-quarter earnings of $89.2 million. On a per-share basis, the Atlanta-based company said it had profit of $2.84. Earnings, adjusted for one-time gains and costs, came to $3.38 per share. The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.11 per share.
The lighting maker posted revenue of $905.9 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $897 million.
Acuity Brands shares have risen 28% since the beginning of the year. The stock has climbed 43% in the last 12 months.
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
Topics: Markets