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.
_____
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
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.