Autodesk Earnings, Revenue Beat in Q4
Investing.com - Autodesk (NASDAQ:ADSK) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Autodesk announced earnings per share of $0.92 on revenue of $899.3M (NYSE:MMM). Analysts polled by Investing.com anticipated EPS of $0.89 on revenue of $890.43M. That with comparison to EPS of $0.46 on revenue of $737.3M in the same period a year before. Autodesk had reported EPS of $0.78 on revenue of $842.7M in the previous quarter. Analysts are expecting EPS of $0.89 and revenue of $910.09M in the upcoming quarter.
Autodesk shares are down 1% from the beginning of the year , still down 14.76% from its 52 week high of $211.58 set on February 20. They are outperforming the S&P 500 which is down 8.22% year to date.
Autodesk follows other major Technology sector earnings this month
Autodesk's report follows an earnings beat by Microsoft on January 29, who reported EPS of $1.51 on revenue of $36.91B, compared to forecasts EPS of $1.05 on revenue of $32,512M.
Alphabet C had beat expectations on February 3 with fourth quarter EPS of $15.35 on revenue of $46.08B, compared to forecast for EPS of $12.49 on revenue of $46.93B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
Related Articles
Mylan posts 60% fall in fourth-quarter profit
