Acuity Brands Inc. (AYI) reported first quarter adjusted EPS of $1.32 Friday morning, up from $0.96 a year ago. Revenues grew 13 percent to $647.4 million from $574.7 million last year. Analysts were expecting revenues of $639.38 million.
Acuity Brands has gapped open dramatically higher Friday morning and is now up 10.43 at $152.43 in early trade. The stock has soared past resistance and has set a new high for the year.
For comments and feedback contact: editorial@rttnews.com
Business News