Autodesk Inc. (ADSK) reported first quarter non-GAAP net income of $0.47 per share after the close Thursday, compared to $0.40 per share in the previous year. The consensus estimate was for EPS of $0.47. The company expects to report second quarter non-GAAP EPS of $0.46 to $0.51, compared to the consensus estimate of $0.51.
Autodesk has gapped open sharply lower Friday morning and is now down 3.96 at $30.77 on above average volume. The stock has plunged to over a 4-month low and has dropped below its 200-day moving average.
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