Acuity misses on building lull

Investor's Business Daily

The lighting maker said Q1 EPS fell 7% to 69 cents, missing views of 80 cents. Revenue rose 1.4% to $481.1 mil, below analysts' forecasts for $498.8 mil due to a slowdown in nonresidential construction. Acuity (AYI)forecast more inconsistent demand in Q2, seasonally its slowest. Shares fell 5.1% to 65.46.

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