<< Read Full Article
<< Read Full Article
Autodesk's Forecast Comes Up Short
SAN FRANCISCO - Engineering-software developer Autodesk(ADSK Quote) beat revenue estimates for the fourth quarter Tuesday, but lowered earnings guidance for the year ahead.
The stock was down $4, or 10.2%, to $35.10 in after-hours trading.
The San Rafael, Calif., company said it grew its top line 20%, to $599.1 million, from $497.4 million in rvenue in the same period of last year. Analysts were expecting revenue of $581.5 million, according to Thomson Financial.
Net income was $96.5 million, or 40 cents a share, flat with last year's comparable bottom line of $96.4 million, or 40 cents a share. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
Connect with TheStreet