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Acuity Brands Inc Q1 adjusted earnings Beat Estimates

Acuity Brands Inc (AYI) revealed earnings for its first quarter that increased from last year.

The company's bottom line came in at $79.6 million, or $1.98 per share. This compares with $71.5 million, or $1.70 per share, in last year's first quarter.

Excluding items, Acuity Brands Inc reported adjusted earnings of $92.8 million or $2.32 per share for the period.

Analysts had expected the company to earn $2.18 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.7% to $932.6 million from $842.8 million last year.

Acuity Brands Inc earnings at a glance:

-Earnings (Q1): $92.8 Mln. vs. $81.5 Mln. last year.
-EPS (Q1): $2.32 vs. $1.94 last year.
-Analysts Estimate: $2.18
-Revenue (Q1): $932.6 Mln vs. $842.8 Mln last year.

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