India, June 26 -- Shares of Acuity Inc. were gaining around 6 percent in the early morning trading on the NYSE after the industrial technology company's third-quarter profit beat market estimates with strong year-over-year growth in net sales. The third-quarter profit on a reported basis, meanwhile, was lower than last year, hit by a significant charge related to Lighting segment.
Neil Ashe, Chairman, President and Chief Executive Officer of Acuity, said, "We grew net sales, expanded our adjusted operating profit and adjusted operating profit margin and we increased our adjusted diluted earnings per share. We generated strong cash flow and allocated capital effectively.""
In the quarter, company's net earnings came in at $98.4 million or ...