logo
  

Autodesk Lowers Full Year Outlook

While reporting its results for the first quarter on Thursday, Autodesk Inc. (ADSK) lowered its outlook for the full year.

Looking forward, the company now expects earnings of $3.24 to $3.47 per share, adjusted earnings of $6.43 to $6.66 per share and revenues of $4.96 billion to $5.06 billion.

Previously, the company expected earnings of $3.74 to $4.11 per share, adjusted earnings of $6.46 to $6.83 per share and revenues of $5.02 billion to $5.12 billion.

Analysts polled by Thomson Reuters currently estimate earnings of $6.69 per share and revenues of $5.04 billion.

According CFO Debbie Clifford, the outlook was revised to reflect "Russia and currency movements during the quarter."

For comments and feedback contact: editorial@rttnews.com

Business News

Follow RTT