Autodesk Inc. Q4 Profit Increases, beats estimates

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

The company's earnings came in at $293 million, or $1.35 per share. This compares with $89 million, or $0.40 per share, in last year's fourth quarter.

Excluding items, Autodesk Inc. reported adjusted earnings of $1.86 per share for the period.

Analysts on average had expected the company to earn $1.81 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.1% to $1.32 billion from $1.21 billion last year.

Autodesk Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $293 Mln. vs. $89 Mln. last year.
-EPS (Q4): $1.35 vs. $0.40 last year.
-Analyst Estimate: $1.81
-Revenue (Q4): $1.32 Bln vs. $1.21 Bln last year.

Next quarter EPS guidance: $1.50- $1.56
Next quarter revenue guidance: $1.260 - $1.275 Bln

For comments and feedback contact: editorial@rttnews.com

Follow RTT