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.
_____
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.