Investing.com - Acuity Brands (NYSE:AYI) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Acuity Brands announced earnings per share of $3.95 on revenue of $1.11B. Analysts polled by Investing.com anticipated EPS of $3.61 on revenue of $1.08B.
Acuity Brands shares are down 24.59% from the beginning of the year, still down 28.91% from its 52 week high of $224.59 set on November 9, 2021.
Acuity Brands follows other major Industrials sector earnings this month
Acuity Brands's report follows an earnings beat by Cintas on September 28, who reported EPS of $3.39 on revenue of $2.17B, compared to forecasts EPS of $3.13 on revenue of $2.08B.
FedEx had missed expectations on September 15 with first quarter EPS of $3.44 on revenue of $23.2B, compared to forecast for EPS of $5.14 on revenue of $23.61B.
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