ADSK Stock: 8 Things to Know About Autodesk Earnings

Autodesk earnings (NASDAQ:ADSK) were better than what analysts were calling for during the company’s most recent fiscal quarter, sending ADSK stock soaring late in the day Tuesday.

ADSK StockThe San Rafael, Calif.-based multinational software maker said that for its third quarter of fiscal 2018, it posted a loss once again, but the figure was a considerable improvement over the year-ago quarter. Here’s what you should know know about Autodesk’s period:

  • The company posted a loss of $23.7 million, or 11 cents per share.
  • The figure was a fraction of the company’s loss from its year-ago quarter, when it posted losses of $119.8 million, or 55 cents per share.
  • On an adjusted basis, Autodesk brought in earnings of 29 cents per share.
  • Analysts were calling for adjusted earnings of 27 cents per share, according to data compiled from a FactSet survey.
  • The software company also brought in revenue of $660.9 million during the period, topping the $515.3 million it brought in during the year-ago quarter.
  • Wall Street was calling for revenue of $640.9 million for the period, according to data compiled by FactSet.
  • For its fourth quarter, Autodesk projects adjusted earnings of 40 cents to 44 cents per share, while analysts predict adjusted earnings of 40 cents per share.
  • The company sees its revenue in the range of $700 million to $710 million next to Wall Street’s revenue outlook of $689.1 million.

ADSK stock is gaining about 7.5% after the bell following the company’s strong quarterly earnings showing. Shares had declined more than 2.1% during regular trading hours Tuesday in anticipation of the company’s quarterly results.


Article printed from InvestorPlace Media, https://investorplace.com/2018/11/adsk-stock-autodesk-earnings/.

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