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Acuity Brands Inc Q3 adjusted earnings Beat Estimates

Acuity Brands Inc (AYI) revealed a profit for third quarter that declined from the same period last year.

The company's earnings totaled $73.0 million, or $1.80 per share. This compares with $82.2 million, or $1.90 per share, in last year's third quarter.

Excluding items, Acuity Brands Inc reported adjusted earnings of $95.9 million or $2.37 per share for the period.

Analysts had expected the company to earn $2.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.9% to $944.0 million from $891.6 million last year.

Acuity Brands Inc earnings at a glance:

-Earnings (Q3): $95.9 Mln. vs. $93.1 Mln. last year.
-EPS (Q3): $2.37 vs. $2.15 last year.
-Analysts Estimate: $2.17
-Revenue (Q3): $944.0 Mln vs. $891.6 Mln last year.

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