Why These 5 Stocks Are Trending on Wednesday

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1. Acuity Brands, Inc. (NYSE:AYI) has surged more than 11% after the company reported adjusted earnings per share of $3.27 for its fiscal fourth quarter, versus the consensus $2.85. Sales for the period were $992.7 million, versus the average estimate of $963.96 million. Generation Investment Management was long over 1.72 million shares of Acuity Brands, Inc. (NYSE:AYI) at the end of June.

Disclosure: None.

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