ATLANTA (AP) _ Acuity Brands Inc. (AYI) on Tuesday reported fiscal first-quarter profit of $71.5 million.
On a per-share basis, the Atlanta-based company said it had profit of $1.70. Earnings, adjusted for one-time gains and costs, were $1.94 per share.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.10 per share.
The lighting maker posted revenue of $842.8 million in the period, also falling short of Street forecasts. Eight analysts surveyed by Zacks expected $884 million.
Acuity Brands shares have risen 5.5 percent since the beginning of the year. The stock has dropped 22 percent in the last 12 months.