Autodesk Stock Sinks After Outlook Disappoints Investors – Barrons

Shares of Autodesk were sinking after the software company reported October quarter results. While earnings and sales beat expectations, the company’s outlook once again disappointed investors.

Autodesk reported fiscal third quarter adjusted earnings of $1.33 a share, ahead of consensus estimates at $1.26 a share, according to FactSet. Total net revenue of $1.13 billion was up 18% year over year and ahead of analyst estimates of $1.12 billion.

“Our…

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