Stock for Acuity brands fell more than 14 percent after the company announced disappointing second quarter earnings.
The Atlanta-based company said adjusted earnings for its fiscal second quarter totaled $1.77 per share, below a consensus estimate of $1.82. Sales also missed expectations at $804.7 million.
The company largely blamed weaker-than-anticipated demand in the North American market, with continued weakness in smaller, short-cycle projects.
