Autodesk Beats Third-Quarter Estimates

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Autodesk

(ADSK) - Get Report

posted third-quarter earnings that topped analysts' expectations.

The company, which creates design and digital content software, earned $21.9 million, or 38 cents a share, compared with $16.7 million, or 27 cents a share, for the same quarter a year ago, excluding items. Six analysts polled by

First Call/Thomson Financial

produced an estimate of 34 cents a share.

Revenue for the quarter rose to $221.8 million from $202.1 million for the same quarter a year ago.

The company also said it expects fourth-quarter earnings, excluding items, of 50 cents to 60 cents a share. Autodesk expects earnings for the full year of $1.80 to $1.90 a share. Analysts on average expect the company to earn 53 cents a share for the fourth quarter and $1.80 a share for the year.

Autodesk also projected $230 million to $240 million in revenue for the fourth quarter, compared with $220.2 million in the year-ago quarter, as well as $900 million to $910 million in revenue for the year, up from $820.2 million in fiscal 2000.