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Acuity Brands Inc Q3 adjusted earnings Beat Estimates

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

The company's bottom line totaled $88.4 million, or $2.22 per share. This compares with $73.0 million, or $1.80 per share, in last year's third quarter.

Excluding items, Acuity Brands Inc reported adjusted earnings of $100.6 million or $2.53 per share for the period.

Analysts had expected the company to earn $2.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 0.4% to $947.6 million from $944.0 million last year.

Acuity Brands Inc earnings at a glance:

-Earnings (Q3): $100.6 Mln. vs. $95.9 Mln. last year.
-EPS (Q3): $2.53 vs. $2.37 last year.
-Analysts Estimate: $2.45
-Revenue (Q3): $947.6 Mln vs. $944.0 Mln last year.

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