Autodesk slides as guidance overshadows a second-quarter beat
-3.67% to $260.66 from $270.58
What moved ADSK
- Autodesk reported adjusted earnings per share of $3.30 for the quarter ended July 31, beating the analyst consensus of $3.12, with revenue up 16% year over year to $2.05 billion versus a $2.01 billion estimate.
- Shares fell more than 4% in premarket trading after the company’s fiscal 2027 guidance came in slightly below consensus at the midpoint.
- Autodesk guided full-year fiscal 2027 EPS to a range of $12.52-$12.60, versus an analyst consensus of $12.60, with third-quarter guidance also below projections.
- Investor focus shifted to the softer forward profit outlook despite the quarterly beat, per market commentary on the stock’s decline.
Sources: Investing.com · Yahoo Finance · TradingKey