ADSK Inventory: Autodesk Meets Q3 Expectations

Autodesk (ADSK), a maker of design software program and instruments for challenge workflow, late Tuesday matched expectations for its fiscal third quarter however guided beneath views for the present quarter. ADSK inventory fell in prolonged buying and selling.

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The San Rafael, Calif.-based firm earned an adjusted $1.70 a share on gross sales of $1.28 billion within the quarter ended Oct. 31. These outcomes met the consensus estimates of analysts polled by FactSet. Within the year-earlier interval, Autodesk earned $1.33 a share on gross sales of $1.13 billion.

In after-hours buying and selling on the inventory market in the present day, ADSK inventory fell 6.9% to 194.50. In the course of the common session Tuesday, ADSK inventory rose 1.2% to shut at 208.90.

Earnings report particulars to observe.

ADSK inventory ranks fifth out of 12 shares in IBD’s Pc Software program-Design trade group, in keeping with IBD Inventory Checkup. It has a so-so IBD Composite Ranking of 78 out of 99.

Observe Patrick Seitz on Twitter at @IBD_PSeitz for extra tales on client expertise, software program and semiconductor shares.

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