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Autodesk Inc. (ADSK) Has Soared To A New High On Strong Q3 Earnings

Autodesk Inc. (ADSK) reported third quarter adjusted EPS of $0.25 after the bell Thursday, down from $0.41 in the previous year. Analysts expected EPS of $0.22. The company expects to report fourth quarter EPS of $0.22 to $0.25 and between $1.15 and $1.18 for the full year 2015. The consensus estimates are for EPS of $0.30 and $1.20.

Autodesk gapped open sharply higher Friday morning and is now up 3.81 at $62.22. The stock has broken out of a 2-week trading range and has set a new high for the year.

by RTTNews Staff Writer

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