ATLANTA (AP) _ Acuity Brands Inc. (AYI) on Thursday reported fiscal first-quarter earnings of $59.6 million.

The Atlanta-based company said it had net income of $1.57 per share. Earnings, adjusted for one-time gains and costs, were $2.03 per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.82 per share.

The lighting maker posted revenue of $792 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $789.4 million.

Acuity Brands shares have increased 6% since the beginning of the year. The stock has dropped almost 8% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AYI at https://www.zacks.com/ap/AYI

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News