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Net earnings were $19.4 million, or 48 cents per share, in the fiscal first quarter, compared with $31 million, or 72 cents per share, a year earlier. Excluding special charges, Acuity earned 82 cents per share, 6 cents ahead of average analyst forecasts, according to Reuters Estimates. Revenue fell 11 percent to $452 million, compared with Wall Street forecasts for sales of $467 million. The Atlanta-based company said its second quarter would be challenging because of a turbulent economic environment, and said it was impossible to accurately forecast how long tight credit and falling consumer confidence would affect its markets. (Reporting by Nick Zieminski; Editing by Steve Orlofsky) Keywords: ACUITY/ (nick.zieminski@thomsonreuters.com +1 646 223 6162; Reuters Messaging: nick.zieminski.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. MMMM For full details for AYIW click here.
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