Why Autodesk (ADSK) Stock Is Up Today

NEW YORK (TheStreet) -- Autodesk (ADSK) stock is moving higher Friday after the company exceeded earnings and revenue estimates in its first quarter. 

By late morning, shares had added 6.1% to $50.74. 

Over the three months to April, the company earned 32 cents a share on $592.5 million in sales. Analysts surveyed by Thomson Reuters forecast 21 cents a share in net income and $568.58 million in revenue. 

Must read: Warren Buffett's 10 Favorite Growth Stocks

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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."

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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