Autodesk Inc. Q1 Profit Increases, Inline With Estimates

Autodesk Inc. (ADSK) revealed earnings for its first quarter that increased from the same period last year in line with the Street estimates.

The company's earnings came in at $161 million, or $0.75 per share. This compares with $146 million, or $0.67 per share, in last year's first quarter.

Excluding items, Autodesk Inc. reported adjusted earnings of $1.55 per share for the period.

Analysts on average had expected the company to earn $1.55 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.0% to $1.21 billion from $1.11 billion last year.

Autodesk Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $161 Mln. vs. $146 Mln. last year.
-EPS (Q1): $0.75 vs. $0.67 last year.
-Analyst Estimate: $1.55
-Revenue (Q1): $1.21 Bln vs. $1.11 Bln last year.

Next quarter EPS guidance: $1.70 - $1.74
Full year EPS guidance: $7.07 - $7.41

For comments and feedback contact: editorial@rttnews.com

Follow RTT