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Acuity Brands Inc. (AYI) Is Sinking After Q1 Profit Disappoints

Acuity Brands Inc. (AYI) reported first quarter EPS of $1.94 Tuesday morning, down from $2.00 a year ago. Analysts expected EPS of $2.10.

Acuity Brands gapped open sharply lower this morning and has continued to lose ground in early trade. Shares are now down 22.26 at $163.47. The stock has dropped to a 3-week low.

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