Market Overview

Acuity Brands: Q3 Earnings Insights

Share:

Shares of Acuity Brands (NYSE:AYI) rose 11.7% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 23.32% over the past year to $1.94, which beat the estimate of $1.22.

Revenue of $776,200,000 decreased by 18.09% year over year, which beat the estimate of $741,620,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Acuity Brands hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jun 30, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/sn6p7rpt

Price Action

Company's 52-week high was at $143.55

Company's 52-week low was at $67.46

Price action over last quarter: Up 18.96%

Company Overview

Acuity Brands Inc is the parent company of Acuity Brands Lighting and other subsidiaries, which provide lighting products for commercial, institutional, industrial, and residential applications. These products include luminaires, lighting controls, lighting components, and integrated lighting systems that use a combination of light sources. Customers include electrical distributors, electric utilities, retail home improvement centers, and lighting showrooms. A majority of the firms' revenue is generated in the United States.

 

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Posted-In: Earnings News