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Acuity Brands’ stock jumps after profit, sales rise above expectations

“AYI, +1.80% rallied 2.9% in premarket trade Wednesday, after the lighting and building management company reported fiscal first-quarter earnings and sales that rose above expectations” writes Reporter Editor for Excluding non-recurring items, adjusted earnings per share came to $2.32, above the FactSet consensus of $2.11.The stock has slipped 4.4% over the past three months through Tuesday, while the Dow Jones Industrial Average DJIA, +1.09% has lost 10.0%.

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