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Feb. 27, 2020, 4:23 p.m. EST

Autodesk shares dip 4% on tepid guidance

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By Jon Swartz

Autodesk Inc. /zigman2/quotes/209828392/composite ADSK -10.81% shares were down 3% in after-hours trading Thursday after the software maker reported fourth-quarter earnings that beat Wall Street estimates but offered tepid guidance for its current first quarter. Autodesk reported net income of $64.7 million, or 59 cents a share, in the quarter, compared with net income of $64.7 million, or 29 cents a share, in the year-ago fourth quarter. Revenue improved 22% to $899 million from $737.3 million a year ago. Autodesk's guidance of net income of 34 cents to 40 cents a share on revenue of $880 million to $895 million was short of analyst estimates of 46 cents a share on $911 million. For the fourth quarter, analysts surveyed by FactSet had expected net income of 43 cents a share on sales of $890 million. Autodesk shares are up 11% in the last year. The broader S&P 500 index /zigman2/quotes/210599714/realtime SPX -4.41% is up 7% in the last year.

/zigman2/quotes/209828392/composite
US : U.S.: Nasdaq
$ 139.22
-16.88 -10.81%
Volume: 3.19M
April 1, 2020 4:00p
P/E Ratio
144.49
Dividend Yield
N/A
Market Cap
$34.27 billion
Rev. per Employee
$292,023
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/zigman2/quotes/210599714/realtime
US : S&P US
2,470.50
-114.09 -4.41%
Volume: 3.67B
April 1, 2020 5:09p
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