ATLANTA (AP) — ATLANTA (AP) — Acuity Inc. (AYI) on Thursday reported fiscal third-quarter net income of $141 million.
The Atlanta-based company said it had profit of $4.56 per share. Earnings, adjusted for one-time gains and costs, were $5.31 per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $5.20 per share.
The lighting maker posted revenue of $1.2 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.19 billion.
Acuity shares have decreased 15% since the beginning of the year. The stock has climbed slightly more than 7% in the last 12 months.
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