Autodesk Inc. Q2 Profit Increases, beats estimates

Autodesk Inc. (ADSK) revealed earnings for its second quarter that increased from last year and beat the Street estimates.

The company's earnings came in at $186 million, or $0.85 per share. This compares with $115 million, or $0.52 per share, in last year's second quarter.

Excluding items, Autodesk Inc. reported adjusted earnings of $1.65 per share for the period.

Analysts on average had expected the company to earn $1.57 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 17.0% to $1.24 billion from $1.06 billion last year.

Autodesk Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $186 Mln. vs. $115 Mln. last year.
-EPS (Q2): $0.85 vs. $0.52 last year.
-Analyst Estimate: $1.57
-Revenue (Q2): $1.24 Bln vs. $1.06 Bln last year.

Next quarter EPS guidance: $1.66 - $1.72
Next quarter revenue guidance: $1,275 - $1,290 Mln
Full year EPS guidance: $6.52 - $6.71
Full year revenue guidance: $4,985 - $5,035 Mln

For comments and feedback contact: editorial@rttnews.com

Follow RTT