Autodesk Earnings, Revenue Beat in Q2
2022.08.24 23:14
Autodesk Earnings, Revenue Beat in Q2
Investing.com – Autodesk (NASDAQ:ADSK) reported on Wednesday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Autodesk announced earnings per share of $1.65 on revenue of $1.24B. Analysts polled by Investing.com anticipated EPS of $1.57 on revenue of $1.22B.
Autodesk shares are down 23% from the beginning of the year, still down 37.74% from its 52 week high of $344.39 set on August 24, 2021. They are under-performing the Nasdaq 100 which is down 20.85% from the start of the year.
Autodesk follows other major Information Technology sector earnings this month
Autodesk’s report follows an earnings beat by Apple on July 28, who reported EPS of $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on July 26 with fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecast for EPS of $2.29 on revenue of $52.38B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
