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Acuity Q3 Profit Weak, Adj. Profit Beats Street; Stock Gains

Acuity Q3 Profit Weak, Adj. Profit Beats Street; Stock Gains

Shares of Acuity Inc. were gaining around 6 percent in the early morning trading on the NYSE after the industrial technology company's third-quarter profit beat market estimates with strong year-over-year growth in net sales. The third-quarter profit on a reported basis, meanwhile, was lower than last year, hit by a significant charge related to Lighting segment.
RTTNews | 38日前
Acuity Brands Q2 Profit Tops Estimates, While Top Line Misses View

Acuity Brands Q2 Profit Tops Estimates, While Top Line Misses View

Acuity Brands, Inc., an industrial technology company, announced Tuesday higher profit and net sales in its second quarter with growth in both business segments. Adjusted earnings topped market estimates, while top line missed view. Neil Ashe, Chairman, President and Chief Executive Officer of Acuity Brands, said, "We delivered solid performance again in the second quarter of 2023...."
RTTNews | 852日前