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Updated from 9:15 a.m. EST


(ADSK) - Get Autodesk, Inc. Report

warned Monday that its third-quarter results will come in short of guidance, citing restructuring charges and a decrease in customer demand.

According to general accounting principles, the company expects to lose between 2 cents and 3 cents a share, compared with earnings of 19 cents a share in the year-ago quarter. The loss includes a $14 million restructuring charge.

On a pro forma basis, which excludes restructuring charges, the company expects to earn 4 cents to 5 cents a share in the third quarter, which ended Oct. 31. Analysts were expecting the company to earn 6 cents a share.

The company had previously expected to earn between 5 cents and 10 cents a share.

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Autodesk expects revenue to be $186 million to $190 million, which is about 6% lower than its original expectation of $200 million to $210 million.

The company said it will reduce costs in the fourth quarter.

In a note Monday, U.S. Bancorp Piper Jaffray analyst Gene Munster indicated he had been expecting Autodesk to miss its numbers for the October quarter. But despite the miss, he said channel checks suggest reasons for optimism as enthusiasm has improved for the first time in nine months.

Munster, who has a market perform rating on Autodesk, noted that the company's next version of its AutoCAD product is expected to ship in March or April and historically Autodesk shares have appreciated three months prior to entering such upgrade cycles.

"Preannouncements prior to upgrades (i.e., today) tend to be the best time to build positions in ADSK," Munster said. His firm has done investment banking business with Autodesk.

Shares of the San Rafael, Calif.-based design software maker rose 49 cents, or 3.9%, to $13 in recent trading.

Staff Writer Ronna Abramson contributed to this report.