ATLANTA (AP) — ATLANTA (AP) — Acuity Brands Inc. (AYI) on Wednesday reported fiscal first-quarter profit of $106.7 million.
The Atlanta-based company said it had profit of $3.35 per share. Earnings, adjusted for one-time gains and costs, came to $3.97 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.89 per share.
The lighting maker posted revenue of $951.6 million in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $952 million.
Acuity Brands shares have risen 4% since the beginning of the year. The stock has climbed 49% 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
