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Acuity Brands Posts Solid Q2 Beat, Shares Surge To New 52-Week Highs

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Shares of Acuity Brands, Inc. AYI 10.1% surged higher by more than 10 percent Wednesday morning and hit a new 52-week high of $251.90 after the company reported its second quarter results.

Acuity Brands said it earned $1.80 per share in the second quarter on revenue of $777.8 million. Wall Street analysts were expecting the company to earn $1.51 per share on revenue of $752 million.

Net income for the quarter...