What's Going On With Autodesk Shares Friday?

Autodesk Inc. (NASDAQ: ADSK ) shares are trading lower Friday after the company reported second-quarter financial results post-market Thursday and issued third-quarter earnings per share guidance below estimates. Also, the company narrowed its fiscal-year 2027 adjusted earnings per share guidance with its midpoint below estimates . Autodesk shares are retreating from recent levels. Why is ADSK stock falling? Q2 Highlights Autodesk reported adjusted earnings per share of $3.30, beating the consensus estimate of $3.12. In addition, it reported revenue of $2.046 billion, beating the consensus estimate of $2.012 billion. “We delivered strong second quarter results with consistent execution and momentum. Our sales reorganization is proceeding as expected,” said Janesh Moorjani , Autodesk CFO. “We have increased our fiscal 27 billings and revenue growt...