ATLANTA (AP) — ATLANTA (AP) — 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.
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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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