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Autodesk Inc. Earnings Retreat 43% In Q3

Autodesk Inc. (ADSK) revealed a profit for third quarter that lost ground compared to the same period last year.

The company said its profit came in at $33.1 million, or $0.14 per share. This was lower than $57.7 million, or $0.25 per share, in last year's third quarter.

Analysts had expected the company to earn $0.08 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.9% to $599.8 million. This was down from $618.0 million last year.

Autodesk Inc. earnings at a glance:

-Earnings (Q3): $33.1 Mln. vs. $57.7 Mln. last year.
-Earnings Decline (Y-o-Y): -42.6%
-EPS (Q3): $0.14 vs. $0.25 last year.
-EPS Decline (Y-o-Y): -44.0%
-Analysts Estimate: $0.08
-Revenue (Q3): $599.8 Mln vs. $618.0 Mln last year.
-Revenue Change (Y-o-Y): -2.9%

-Guidance:
Next quarter EPS guidance: $0.08 - $0.12
Next quarter revenue guidance: $620 - $640 Mln
Full year EPS guidance: $0.72 - $0.76
Full year revenue guidance: $2.475 - $2.495 Bln

by RTT Staff Writer

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