SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Autodesk Inc. (ADSK) on Tuesday reported fiscal third-quarter profit of $275 million.
The San Francisco-based company said it had net income of $1.27 per share. Earnings, adjusted for stock option expense and amortization costs, were $2.17 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.11 per share.
The design software company posted revenue of $1.57 billion in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $1.56 billion.
For the current quarter ending in January, Autodesk expects its per-share earnings to range from $2.10 to $2.16.
The company said it expects revenue in the range of $1.62 billion to $1.64 billion for the fiscal fourth quarter.
Autodesk expects full-year earnings in the range of $8.29 to $8.35 per share, with revenue ranging from $5.9 billion to $5.98 billion.
Autodesk shares have risen 30% since the beginning of the year, while the S&P’s 500 index has risen 26%. In the final minutes of trading on Tuesday, shares hit $317.09, a climb of 57% 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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