SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Autodesk Inc. (ADSK) on Thursday reported fiscal fourth-quarter earnings of $293 million.
The San Francisco-based company said it had profit of $1.35 per share. Earnings, adjusted for one-time gains and costs, were $1.86 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.81 per share.
The design software company posted revenue of $1.32 billion in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $1.31 billion.
For the year, the company reported profit of $823 million, or $3.78 per share. Revenue was reported as $5.01 billion.
For the current quarter ending in April, Autodesk expects its per-share earnings to range from $1.50 to $1.56. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.66.
The company said it expects revenue in the range of $1.26 billion to $1.27 billion for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $1.27 billion.
Autodesk expects full-year earnings in the range of $6.98 to $7.32 per share.
Autodesk shares have climbed 18% since the beginning of the year, while the S&P’s 500 index has climbed 4.5%. In the final minutes of trading on Thursday, shares hit $221.16, a climb of nearly 6% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADSK at https://www.zacks.com/ap/ADSK
Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.