Why Autodesk (ADSK) Stock Is Up After Hours

NEW YORK (TheStreet) -- Autodesk (ADSK) stock is moving higher in post-market trading after exceeding analysts' estimates on its top- and bottom-line over the first quarter. 

After the bell, shares added 4.5% to $49.96. 

In its April-ending quarter, the company earned 32 cents a share, 11 cents higher than analysts surveyed by Thomson Reuters expected. Revenue of $592.5 million exceeded estimates of $568.58 million. 

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TheStreet Ratings team rates AUTODESK INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:

"We rate AUTODESK INC (ADSK) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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