ATLANTA (AP) — ATLANTA (AP) — Acuity Brands Inc. (AYI) on Thursday reported fiscal third-quarter net income of $113.9 million.
The Atlanta-based company said it had profit of $3.62 per share. Earnings, adjusted for stock option expense and amortization costs, came to $4.15 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.10 per share.
The lighting maker posted revenue of $968.1 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $995.4 million.
Acuity Brands shares have increased 17% since the beginning of the year. The stock has climbed 49% 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
Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
