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Autodesk Inc. (ADSK) Sank To A 4-Month Low After Q1 Report

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Autodesk Inc. (ADSK: Quote) reported first quarter non-GAAP net income of $0.47 per share after the close Thursday, compared to $0.40 per share in the previous year. The consensus estimate was for EPS of $0.47. The company expects to report second quarter non-GAAP EPS of $0.46 to $0.51, compared to the consensus estimate of $0.51.

Autodesk gapped open sharply lower Friday and fell in early trade, before settling into a range. The stock ended the day down by 4.47 at $30.26 on the highest volume of the year. Autodesk sank to over a 4-month low and dropped below its 200-day moving average.

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by RTT Staff Writer

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