NEW YORK (TheStreet) -- Acuity Brands shares are up 8.16% to $153.59 in early market trading on Friday following the release of the industrial and residential LED lighting solutions provider's first quarter earnings results before the opening bell today. Acuity Brands reported first quarter net income that increased 16% year over year to $51.1 million, or $1.32 per diluted share on an adjusted basis. Analysts on average were expecting the company to report earnings of $1.13 per share. Revenue for the period also topped analyst expectations with the company generating $647.4 million versus the consensus expectations of $635.6 million. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates ACUITY BRANDS INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation: "We rate ACUITY BRANDS INC (AYI) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value." Highlights from the analysis by TheStreet Ratings Team goes as follows: You can view the full analysis from the report here: AYI Ratings Report AYI data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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