Autodesk Shares Rise 7% After 2Q Results, Guidance
25 August 2022 - 7:09AM
Dow Jones News
By Stephen Nakrosis
Shares of Autodesk, Inc. were higher in Wednesday's late trading
session after the company reported its second-quarter financial
results and gave third-quarter guidance.
At 4:25 p.m. EDT, the company's shares were trading 6.44% higher
at $228.23 per share. The stock finished the day's regular session
with a 0.37% gain at $214.43.
Year to date, the stock is down about 23%.
After the bell, Autodesk reported second-quarter earnings per
share of 85 cents on revenue of $1.24 billion. In the year-ago
period, the company reported EPS of 52 cents on revenue of $1.06
billion. Previously, the company said it was expecting
second-quarter EPS in a range of 72 cents and 78 cents and revenue
in a range between $1.22 billion and $1.24 billion.
The software company said it was expecting fiscal year 2023
revenue to increase by 14% to 15%, and anticipated billings of
$5.71 billion to $5.81 billion. For fiscal year 2023, the company
said it expected adjusted EPS of $6.52 to $6.71.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
August 24, 2022 16:54 ET (20:54 GMT)
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