ATLANTA (AP) — ATLANTA (AP) — Acuity Brands Inc. (AYI) on Thursday reported fiscal second-quarter earnings of $77.5 million.
The Atlanta-based company said it had net income of $2.45 per share. Earnings, adjusted for amortization costs and costs related to mergers and acquisitions, were $3.73 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.66 per share.
The lighting maker posted revenue of $1.01 billion in the period, missing Street forecasts. Four analysts surveyed by Zacks expected $1.02 billion.
Acuity Brands shares have fallen nearly 9% since the beginning of the year. The stock has climbed nearly 2% 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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