Autodesk (ADSK) Stock Fell Over 6%: Details

By Amit Chowdhry ● Nov 23, 2022
  • The stock price of Autodesk (ADSK) fell by over 6% intraday today. This is why.

The stock price of Autodesk (ADSK) fell by over 6% intraday today.

Why: Q3 results

Results: Autodesk reported a Q3 EPS of $1.70, which was in line with analyst estimates of $1.70. And the revenue for the quarter was $1.28 billion compared to the consensus estimate of $1.28 billion.

Guidance: In terms of guidance, Autodesk estimates Q4 2023 EPS of $1.77 to $1.83, compared to a consensus of $1.83. And Autodesk estimates Q4 2023 revenue of $1.303 billion to $1.318 billion, compared to a consensus of $1.33 billion.