Acuity Brands rises as Q4 adj. profit beat expectations

Acuity

04/10/2023 14:35

** Industrial technology company Acuity Brands  AYI.N 
shares rise 5.41% to $176.44
    ** Co reports Q4 adj. EPS of $3.97 compared to analysts'
average estimate of $3.72 - LSEG data 
    ** Co's FY23 adj. EPS of $14.05, beats previous year figure
of $12.83  
    ** "During the quarter, we recognized pre-tax charges of
$35.5 million that affected net income." - co
    ** 3 of 10 brokerages rate the stock "buy" or higher, 7
"hold" and none "sell" or lower; their median PT is $180
    ** YTD, AYI up 1.07%

 (Reporting by Abhinav Parmar in Bengaluru)
 ((Abhinav.Parmar@thomsonreuters.com))