Autodesk meets Q3 expectations, but misses with Outlook

Autodesk (ADSK), maker of design software and project workflow tools, late Tuesday matched expectations for its fiscal third quarter, but guided lower for the outlook for the current quarter. ADSK shares fell in price during extended trading.


The San Rafael, Calif.-based company earned an adjusted $1.70 per share on sales of $1.28 billion in the quarter ended Oct. 31. These results matched the consensus forecast of analysts polled by FactSet. In the prior period, Autodesk earned $1.33 per share on sales of $1.13 billion.

When trading after business hours on the stock market today, ADSK shares fell 6.9% to 194.50. During the regular session on Tuesday, shares of ADSK gained 1.2% to close at 208.90.

Details of the income statement follow.

ADSK’s stock ranks fifth out of 12 stocks in IBD’s Computer Software Design industry group, according to IBD Stock Check. There is so-so IBD Composite Rating of 78 of 99.

Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks.


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