Autodesk Inc. Q1 Profit Decreases, but beats estimates

Autodesk Inc. (ADSK) announced earnings for first quarter that decreased from last year but beat the Street estimates.

The company's bottom line totaled $146 million, or $0.67 per share. This compares with $156 million, or $0.70 per share, in last year's first quarter.

Excluding items, Autodesk Inc. reported adjusted earnings of $1.43 per share for the period.

Analysts on average had expected the company to earn $1.34 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 18.2% to $1.17 billion from $0.99 billion last year.

Autodesk Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $146 Mln. vs. $156 Mln. last year.
-EPS (Q1): $0.67 vs. $0.70 last year.
-Analyst Estimates: $1.34
-Revenue (Q1): $1.17 Bln vs. $0.99 Bln last year.

Next quarter EPS guidance: Adj: $1.54 - $1.60
Next quarter revenue guidance: $1.220 - $1.235 Bln
Full year EPS guidance: Adj: $6.43 - $6.66

For comments and feedback contact: editorial@rttnews.com

Follow RTT