Recap: Autodesk Q1 Earnings
Portfolio Pulse from Benzinga Insights
Autodesk (NASDAQ:ADSK) reported Q1 earnings with in-line EPS of $1.55 and revenue up $99 million YoY. Last quarter, the company beat EPS estimates by $0.05, followed by a 12.95% drop in share price the next day.
May 25, 2023 | 8:06 pm
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Autodesk reported Q1 earnings with in-line EPS of $1.55 and revenue up $99 million YoY. Last quarter, beating EPS estimates led to a 12.95% drop in share price.
Autodesk's Q1 earnings were in line with estimates, which may not trigger significant price movement. However, last quarter's EPS beat led to a 12.95% drop in share price, indicating that investors may react differently this time. Given the mixed historical reactions, the short-term impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100