ATLANTA (AP) 鈥� ATLANTA (AP) 鈥� Acuity Inc. (AYI) on Thursday reported fiscal second-quarter earnings of $96.8 million.
On a per-share basis, the Atlanta-based company said it had profit of $3.09. Earnings, adjusted for one-time gains and costs, came to $4.14 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.01 per share.
The lighting maker posted revenue of $1.06 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $1.08 billion.
Acuity shares have decreased 20% since the beginning of the year. The stock has increased almost 9% in the last 12 months.
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