BUZZ - Acuity shares fall after the release of Q4 financial results

October 1 - ** Shares of industrial technology company Acuity (AYI.N) fell 1.7% in pre-market trading to $304.45

** The company reported adjusted earnings per share of $5.77 for the fourth quarter, above analysts' expectation of $5.56; net sales were $1.24 billion, in line with expectations — data compiled by LSEG

** Net sales for the fourth quarter at Acuity Brands’ lighting segment dropped by 0.4% year-on-year, and adjusted operating profit declined by 7.1% year-on-year

** Of eight brokerages, four rated the stock as "buy" or higher, while four gave a "hold" rating; median target price is $383.44 — LSEG data

** As of yesterday’s close, the stock has fallen about 14% so far this year

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