SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Autodesk Inc. (ADSK) on Thursday reported fiscal fourth-quarter profit of $316 million.
On a per-share basis, the San Francisco-based company said it had profit of $1.48. Earnings, adjusted for one-time gains and costs, came to $2.85 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.63 per share.
The design software company posted revenue of $1.96 billion in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $1.91 billion.
For the year, the company reported profit of $1.12 billion, or $5.23 per share. Revenue was reported as $7.21 billion.
For the current quarter ending in April, Autodesk expects its per-share earnings to range from $2.82 to $2.86.
The company said it expects revenue in the range of $1.89 billion to $1.9 billion for the fiscal first quarter.
Autodesk expects full-year earnings in the range of $12.29 to $12.56 per share, with revenue ranging from $8.1 billion to $8.17 billion.
Autodesk shares have fallen 21% since the beginning of the year, while the S&P’s 500 index has climbed roughly 1%. In the final minutes of trading on Thursday, shares hit $233.45, a drop 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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