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Autodesk stock falls nearly 7% on surprise Q1 loss, sales miss [MarketWatch]
Last autodesk, inc. earnings: 2/27 04:01 pm
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US:NASDAQ Investor Relations: investors.autodesk.com/investor-overview
Autodesk stock falls nearly 7% on surprise Q1 loss, sales miss Shares of Autodesk Inc. ADSK, -2.58% fell more than 6% in the extended session Thursday after the software company reported a surprise first-quarter loss and revenue that fell short of Wall Street views. Autodesk said it lost $24 million, or 11 cents a share, in the quarter, compared with a loss of $82 million, or 38 cents a share, in the year-ago period. Adjusted for one-time items, the company earned 45 cents a share, compared with 6 cents a share a year ago. Revenue rose 31% to $735 million, the company said. Analysts polled by FactSet had expected GAAP profit of 12 cents a share on sales of $741 million. Autodesk shares had ended the regular trading day down 2.6%.
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