AYI - Acuity Brands slumps 9% despite better an expected Q4 numbers

Acuity Brands ([[AYI]] -8.9%) Q4 reports sale drop of 5% to $891M vs. prior year,  the negative changes were partially offset by an approximate 3% benefit from acquisitions.Gross profit decreased $20M to $375M, however the margin remained unchanged at 42.1%.Operating profit was $106M compared with $130M last year.Company paid $69M in cash to repurchase common stock under its previously authorized stock repurchase program.Quick look at the past quarterly numbers here.Previously: Acuity Brands EPS beats by $0.34, beats on revenue (Oct. 8)

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Acuity Brands slumps 9% despite better an expected Q4 numbers