Autodesk stock slumps as outlook overshadows earnings beat

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Autodesk Inc. shares declined in the extended session Thursday after the enterprise software company’s outlook overshadowed its earnings beat. Autodesk...

Autodesk Inc.

shares declined in the extended session Thursday after the enterprise software company’s outlook overshadowed its earnings beat. Autodesk shares fell as much as 6% after hours, following a 2.1% rise in the regular session to close at $221.16. Autodesk forecast earnings of $1.50 to $1.56 a share on revenue of $1.26 billion to $1.28 billion for the first quarter, and $6.98 to $7.32 a share on billings of $5.03 billion to $5.18 billion for the year. Analysts had estimated $1.

shares declined in the extended session Thursday after the enterprise software company’s outlook overshadowed its earnings beat. Autodesk shares fell as much as 6% after hours, following a 2.1% rise in the regular session to close at $221.16. Autodesk forecast earnings of $1.50 to $1.56 a share on revenue of $1.26 billion to $1.28 billion for the first quarter, and $6.98 to $7.32 a share on billings of $5.03 billion to $5.18 billion for the year. Analysts had estimated $1.

 

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