The Residential Real Estate Post-Crash Index-Moderated Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: Smiling Bob	1/10/2011 10:15:31 AM
	of 119362

Wish I had known they were reporting. Lighting fixture sales not as hot as the market would lead you to believe and metal prices hurt Look for other accessory mfgr and retailers on deck ---- UPDATE 1-Acuity Brands profit misses estimates Related Topics * Stocks » * Global Markets » * Earnings » * Cyclical Consumer Goods » Stocks ACUITY BRANDS, INC. AYI.N $59.77 -0.26-0.43% 12:00am EST NEW YORK \| Mon Jan 10, 2011 8:53am EST NEW YORK Jan 10 (Reuters) - Quarterly earnings at lighting maker Acuity Brands (AYI.N) came in below Wall Street estimates and the company said its key non-residential construction market continues to be weak. Net income rose to $24.4 million, or 56 cents per share, in the fiscal first quarter from $23.3 million, or 53 cents a share, a year earlier. Analysts, on average, had looked for profit of 57 cents. Sales rose 9 percent to $425 million, matching forecasts, according to Thomson Reuters I/B/E/S. Acuity said commodity cost increases would hurt its second-quarter profit, but has set a price increase that will be in effect from the end of February. With U.S. non-residential construction expected to be flat or lower this year, the company said it saw opportunities in renovation projects, and predicted the lighting industry would return to solid growth over the next decade. (Reporting by Nick Zieminski, editing by Dave Zimmerman)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next