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Acuity Expects Improvement Later in 2018 but Investors Knocked 15% Off Shares After Earnings

“The year-over-year decline in our net sales of one percent was due primarily to lower sales in the home center/showroom channel and certain international sales channels, including the U.K and Mexico," Nagel said.

Investors have hammered stocks of Acuity Brands, Inc., Atlanta, since Tuesday, when the lighting giant announced declines in quarterly sales and income and expectations of soft lighting sales into the first part of 2018, but company execs expressed cautious optimism about the view ahead.

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