Autodesk (ADSK) PT Lowered to $177 at MoffettNathanson
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Autodesk (ADSK) tumbles on soft guidance, negative tone; analyst downgrades
November 23, 2022 7:35 AM ESTAutodesk (NASDAQ: ADSK) delivered an in-line earnings report but soft guidance pushed shares lower in after-hours trading Tuesday. Moreover, the company slashed its full-year billings guidance.
Autodesk reported a Q3 EPS of $1.70 on revenue of $1.28 billion, in line with the average analyst estimates. While revenue increased 14% year-over-year, the subscription net revenue came in at $1.19B, missing the estimate of $1.21B.
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