D-Wave Quantum falls nearly 3% as earnings miss overshadows revenue beat
ATLANTA - On Thursday, Acuity Brands Inc . (NYSE:AYI) reported third quarter earnings and revenue that significantly exceeded analyst expectations.
The industrial technology company saw its shares to 7.90% in pre-market trading after the earnings release.
The Atlanta-based lighting and building management solutions provider posted adjusted earnings per share of $5.12 for the quarter, handily beating the analyst consensus estimate of $4.30. Revenue came in at $1.2 billion, surpassing the $1.15 billion analysts had projected.
Compared to the same quarter last year, Acuity’s revenue grew by [percentage not provided in context]. The company’s strong performance was driven by robust demand across its lighting and spaces segments.
The company also announced it will pay a quarterly dividend of $0.17 per share on August 1, 2025, to shareholders of record as of July 18, 2025.
Acuity Brands operates through two business segments: Acuity Brands Lighting and Acuity Intelligent Spaces. The company designs, manufactures, and markets products and services for lighting, lighting controls, building management solutions, and audio-video control platforms.
As of the latest report, Acuity Brands employs approximately 13,000 associates across North America, Europe, and Asia.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.