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Eye-Catching Stock Buzz: Autodesk Inc. (NASDAQ: ADSK)

Phillip Rigdon

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On Friday, Shares of Autodesk Inc. (NASDAQ: ADSK) showed the bullish trend with a higher momentum of 3.42% and ended its trading session at $133.52. The company traded total volume of 2,075,737 shares as contrast to its average volume of 2.41M shares. The company has a market value of $30.61B and about 229.29M shares outstanding.

Autodesk Inc. (ADSK) on Thursday stated a loss of $82.40M in its fiscal first quarter. On a per-share basis, the San Rafael, California-based company said it had a loss of 38 cents. Earnings, adjusted for one-time gains and costs, came to 6 cents per share. The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The design software company posted revenue of $559.90M in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $559.40M. For the current quarter ending in August, Autodesk anticipates its per-share earnings to range from 13 cents to 16 cents.

The company said it anticipates revenue in the range of $595.0M to $605.0M for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $599.20M.

Autodesk anticipates full-year earnings in the range of 77 cents to 95 cents per share, with revenue ranging from $2.460B to $2.510B.

The Company offered net profit margin of -27.60% while its gross profit margin was 85.20%. ROE was recorded as -335.90% while beta factor was 1.76. The stock, as of recent close, has shown the weekly downbeat performance of -3.89% which was maintained at 27.37% in this year.

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I am Phillip Rigdon and I focus on breaking news stories and ensuring we IRN Post offer timely reporting on some of the most recent stories released through market wires about “Technology” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down.

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