Acuity Brands falls on sales miss

Acuity

04/04/2023 13:45

** Shares of industrial technology co Acuity Brands Inc
 AYI.N  down 5.2% at $173.30 premarket 
    ** Posts Q2 net sales of $943.6 mln, missing Street
estimates of $958.47 mln - Refinitiv IBES 
    ** Also, posts Q2 adj. profit of $3.06/shr and profit of
$2.57/shr 
    ** 3 of 10 brokerages rate the stock "buy" or higher, 7
"hold"; their median PT is $193.0
    ** As of last close, stock rose 10.70% YTD 

 (Reporting By Akshita Toshniwal)
 ((Akshita.Toshniwal@thomsonreuters.com))