Acuity Brands Inc (AYI) announced earnings for second quarter that decreased from last year but beat the Street estimates.
The company's bottom line totaled $77.5 million, or $2.45 per share. This compares with $89.2 million, or $2.84 per share, last year.
Excluding items, Acuity Brands Inc reported adjusted earnings of $118.1 million or $3.73 per share for the period.
Analysts on average had expected the company to earn $3.70 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 11.0% to $1.006 billion from $905.9 million last year.
Acuity Brands Inc earnings at a glance (GAAP) :
-Earnings: $77.5 Mln. vs. $89.2 Mln. last year.
-EPS: $2.45 vs. $2.84 last year.
-Revenue: $1.006 Bln vs. $905.9 Mln last year.
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