Autodesk Stock Climbs On Better-Than-Expected Q4
Portfolio Pulse from Erica Kollmann
Autodesk, Inc. (NASDAQ:ADSK) shares rose after reporting Q4 earnings of $2.09 per share and sales of $1.47 billion, surpassing analyst expectations. Subscription and design revenue showed significant growth. The company is focusing on developing lifecycle solutions with Autodesk's Data Model and leading in 3D generative AI. Autodesk provided an earnings outlook for Q1 and fiscal year 2025, slightly below some analyst estimates.
February 29, 2024 | 9:37 pm
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Autodesk reported higher-than-expected Q4 earnings and sales, with significant growth in subscription and design revenue. The company is advancing in lifecycle solutions and 3D generative AI.
Autodesk's Q4 earnings and sales beat analyst expectations, indicating strong financial health and growth prospects. The company's focus on developing advanced solutions and leading in 3D generative AI highlights its innovative edge, likely boosting investor confidence and positively impacting its stock price in the short term.
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