06.10.2016 - We forecast growth of Acuity Brands shares

Acuity Brands Inc., which manufactures products for the lighting has published a report according to which sales of LED products increased by 40%, and this trend may continue in the near future. The company's profit for the last quarter that ended in August was 82.9 million dollars compared to 60.1 million dollars for the same period last year. Revenue increased by 22% to 925.5 million dollars. We expect a further increase in the company's shares by 35-40% per year due to increased sales.

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