NEW YORK--(BUSINESS WIRE)--The Law Offices of Vincent Wong reminds investors of an investigation concerning whether Acuity Brands, Inc. (“Acuity Brands” or the “Company”) (NYSE:AYI) violated federal securities laws.
Click here to learn about the case: http://docs.wongesq.com/AYI-Info-Request-Form-1802. There is no cost or obligation to you.
On October 5, 2016, Acuity announced disappointing financial and operating results for the Company’s fourth quarter and fiscal year 2016, citing “uncertainty and volatility” associated with the U.S. presidential election and the U.K.’s referendum vote to exit the European Union. Then on January 9, 2017, Acuity announced financial and operating results for the first quarter of the Company’s fiscal year 2017, advising investors of lower-than-expected sales, which the Company attributed to weaker customer demand “apparently due to...election jitters.” Then on April 4, 2017, Acuity reported financial and operating results for the second quarter of the Company’s fiscal year 2017, continuing to blame “the impact of continued softness in demand for certain short cycle, small lighting projects,” but acknowledging for the first time that demand softness “could potentially linger into the second half of 2017.” On this news, Acuity’s share price fell 14.8% to close at $173.93 on April 4, 2017.
To learn more about the investigation of Acuity Brands contact Vincent Wong, Esq. either via email email@example.com, by telephone at 212.425.1140, or visit http://docs.wongesq.com/AYI-Info-Request-Form-1802.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.