SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Autodesk Inc. (ADSK) on Tuesday reported fiscal first-quarter earnings of $252 million.
On a per-share basis, the San Francisco-based company said it had net income of $1.16. Earnings, adjusted for stock option expense and amortization costs, came to $1.87 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share.
The design software company posted revenue of $1.42 billion in the period, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $1.4 billion.
For the current quarter ending in July, Autodesk expects its per-share earnings to range from $1.98 to $2.04.
The company said it expects revenue in the range of $1.48 billion to $1.49 billion for the fiscal second quarter.
Autodesk expects full-year earnings in the range of $7.99 to $8.21 per share, with revenue ranging from $5.99 billion to $6.09 billion.
Autodesk shares have decreased 13% since the beginning of the year, while the S&P’s 500 index has increased 13%. In the final minutes of trading on Tuesday, shares hit $211.17, a rise of 1.5% in the last 12 months.
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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
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