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Acuity Brands Inc Q2 adjusted earnings Miss Estimates

Acuity Brands Inc (AYI) released a profit for its second quarter that increased from last year.

The company's profit totaled $96.9 million, or $2.33 per share. This compares with $67.3 million, or $1.53 per share, in last year's second quarter.

Excluding items, Acuity Brands Inc reported adjusted earnings of $78.5 million or $1.89 per share for the period.

Analysts had expected the company to earn $2.11 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.4% to $832.1 million from $804.7 million last year.

Acuity Brands Inc earnings at a glance:

-Earnings (Q2): $78.5 Mln. vs. $77.7 Mln. last year.
-EPS (Q2): $1.89 vs. $1.77 last year.
-Analysts Estimate: $2.11
-Revenue (Q2): $832.1 Mln vs. $804.7 Mln last year.

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