Acuity Brands: Fiscal 1Q Earnings Snapshot

ATLANTA (AP) _ Acuity Brands Inc. (AYI) on Thursday reported fiscal first-quarter net income of $57 million.

On a per-share basis, the Atlanta-based company said it had profit of $1.44. Earnings, adjusted for one-time gains and costs, were $2.13 per share.

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.17 per share.

The lighting maker posted revenue of $834.7 million in the period, also falling short of Street forecasts. Four analysts surveyed by Zacks expected $873.4 million.

Acuity Brands shares have risen nearly 4% since the beginning of the year. The stock has increased 19% 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