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Acuity Brands (AYI) Stock Jumps on Q2 Earnings Beat

NEW YORK (TheStreet) -- Shares of Acuity Brands (AYI - Get Report) are spiking by 10.83% to $249.37 on heavy trading volume late Wednesday morning, after the company posted better-than-expected results for the 2016 fiscal second quarter.

Before today's opening bell, the Atlanta-based lighting company reported adjusted earnings of $1.80 per diluted share, topping analysts' estimates of $1.51 per share.

Revenue for the quarter was $777.8 million, surpassing analysts' expectations of $752.3 million.

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