SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Autodesk Inc. (ADSK) on Thursday reported fiscal second-quarter earnings of $282 million.
The San Francisco-based company said it had profit of $1.30 per share. Earnings, adjusted for one-time gains and costs, were $2.15 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2 per share.
The design software company posted revenue of $1.51 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $1.48 billion.
For the current quarter ending in October, Autodesk expects its per-share earnings to range from $2.08 to $2.14.
The company said it expects revenue in the range of $1.56 billion to $1.57 billion for the fiscal third quarter.
Autodesk expects full-year earnings in the range of $8.18 to $8.31 per share, with revenue ranging from $6.08 billion to $6.13 billion.
Autodesk shares have climbed 6% since the beginning of the year, while the S&P’s 500 index has risen 17%. In the final minutes of trading on Thursday, shares hit $258.22, a rise of 18% 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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