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Acuity Brands Inc. (AYI) Pulled Back Sharply After Q1 Miss

Acuity Brands Inc. (AYI) reported first quarter adjusted EPS of $0.69 Tuesday morning, down from $0.74 in the prior year period. The consensus estimate was for EPS of $0.81.

Acuity Brands gapped open sharply lower Tuesday, but traded in a range for the majority of the session. The stock closed down by 3.51 at $65.46 on the highest volume of the year. Acuity Brands dropped to over a 1-week low and slipped beneath its 50-day moving average.

by RTTNews Staff Writer

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