Autodesk (ADSK), a maker of design software program and instruments for venture 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.
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 at this time, ADSK inventory fell 6.9% to 194.50. Through the common session Tuesday, ADSK inventory rose 1.2% to shut at 208.90.
Earnings report particulars to comply with.
ADSK inventory ranks fifth out of 12 shares in IBD’s Laptop Software program-Design trade group, based on IBD Inventory Checkup. It has a so-so IBD Composite Score of 78 out of 99.
Comply with Patrick Seitz on Twitter at @IBD_PSeitz for extra tales on shopper expertise, software program and semiconductor shares.
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