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Acuity Brands beat earnings estimates but missed revenue forecasts, leading to a lower stock price target.
Acuity Brands, an electronics company, reported quarterly earnings of $3.73 per share, surpassing expectations by $0.06, but its revenue of $1.01 billion fell short of forecasts.
The company's price target was lowered by Wells Fargo to $275.00, and it announced a dividend of $0.17 per share, payable in May.
Acuity Brands also updated its FY 2025 earnings guidance to a range of 16.500-18.000 EPS.
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Acuity Brands venció las estimaciones de ingresos, pero perdió los pronósticos de ingresos, lo que llevó a un objetivo de precios de las acciones más bajos.