Why Autodesk Stock Is Rising After Hours
Portfolio Pulse from Ryan Gustafson
Autodesk, Inc. (NASDAQ:ADSK) reported better-than-expected Q2 results and issued Q3 and full-year 2024 earnings per share guidance above estimates. The company reported quarterly earnings of $1.91 per share, beating the analyst consensus estimate of $1.72, and quarterly sales of $1.34 billion, beating the analyst consensus estimate of $1.32 billion. Autodesk anticipates Q3 earnings per share to be between $1.97 and $2.03, and revenue between $1.380 billion and $1.395 billion. Full-year earnings per share is estimated to be between $7.30 and $7.49, and revenue between $5.405 billion and $5.455 billion.
August 23, 2023 | 8:22 pm
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Autodesk reported better-than-expected Q2 results and issued positive Q3 and full-year 2024 guidance, leading to a rise in its stock price.
Autodesk's better-than-expected Q2 results and positive future guidance indicate strong performance and potential growth, which are likely to boost investor confidence and drive the stock price up in the short term.
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