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Autodesk Inc. (ADSK) Leaped To A New High After Q4 Loss Narrows

Autodesk Inc. (ADSK) reported a fourth quarter loss of $0.09 after the bell Tuesday, compared to the loss of $0.28 per share a year ago. Analysts expected a loss of $0.11.

Autodesk gapped up sharply Wednesday and climbed during the first 2 hours of trade. The stock took out the session highs in late trade and closed up by 17.83 at $137.70 with volume at over a 3-month high. Autodesk surged to a new high for the year.

by RTT Staff Writer

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