ATLANTA (AP) — ATLANTA (AP) — Acuity Inc. (AYI) on Thursday reported fiscal first-quarter profit of $120.5 million.
The Atlanta-based company said it had profit of $3.82 per share. Earnings, adjusted for one-time gains and costs, came to $4.69 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.52 per share.
The lighting maker posted revenue of $1.14 billion in the period, which met Street forecasts.
Acuity shares have increased almost 3% since the beginning of the year. The stock has climbed 22% 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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