Autodesk Q3 Adj $2.07 Beats $1.99 Estimate, Sales $1.41B Beat $1.39B Estimate
Portfolio Pulse from Benzinga Newsdesk
Autodesk, Inc. (NASDAQ:ADSK) reported Q3 adjusted earnings of $2.07 per share, surpassing the analyst consensus estimate of $1.99, and representing a 21.76% increase from the previous year. Quarterly sales reached $1.41 billion, exceeding the $1.39 billion estimate and marking a 10.47% increase from the same period last year.
November 21, 2023 | 9:02 pm
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POSITIVE IMPACT
Autodesk reported strong Q3 results with earnings and sales surpassing analyst estimates, indicating robust financial performance and potential market confidence.
Autodesk's earnings and sales beat not only demonstrates the company's growth but also suggests a positive outlook, which could lead to an increase in investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100