Investing.com - Acuity Brands 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 and are trading at $159.65 , down-from-52-week-high.
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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