Acuity Brands Q4 Adj EPS $3.97 Beats $3.72 Estimate, Sales $1.01B Miss $1.02B Estimate
Portfolio Pulse from Benzinga Newsdesk
Acuity Brands (NYSE:AYI) reported Q4 earnings of $3.97 per share, beating the analyst consensus estimate of $3.72 by 6.72%. However, the company's quarterly sales of $1.01 billion missed the analyst consensus estimate of $1.02 billion by 0.94%. This represents a 0.51% increase in earnings and an 8.97% decrease in sales compared to the same period last year.
October 04, 2023 | 10:02 am
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NEUTRAL IMPACT
Acuity Brands reported better than expected Q4 earnings but missed on sales estimates. This resulted in a mixed impact on the company's stock.
Acuity Brands reported a Q4 earnings beat, which is typically positive for the stock. However, the company also reported a miss on sales, which is typically negative. The mixed results could lead to uncertainty and volatility in the stock price.
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RELEVANCE 100