Autodesk Q1 EPS $1.87 Beats $1.77 Estimate, Sales $1.42B Beat $1.39B Estimate
Portfolio Pulse from Benzinga Newsdesk
Autodesk (NASDAQ:ADSK) reported Q1 earnings per share (EPS) of $1.87, surpassing the analyst consensus estimate of $1.77 by 5.65%. The company's quarterly sales reached $1.42 billion, exceeding the estimate of $1.39 billion by 1.94%. Both EPS and sales showed significant year-over-year growth.
June 10, 2024 | 8:22 pm
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POSITIVE IMPACT
Autodesk reported strong Q1 earnings and sales, both exceeding analyst estimates and showing significant year-over-year growth. This positive performance is likely to boost investor confidence and drive the stock price up in the short term.
The company's better-than-expected earnings per share and sales figures, along with significant year-over-year growth, are likely to positively impact investor sentiment and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100