These Analysts Revise Their Forecasts On Autodesk Following Q2 Results

Autodesk Inc (NASDAQ: ADSK) on Thursday reported upbeat second-quarter financial results and issued third-quarter EPS guidance below estimates. Autodesk reported quarterly earnings of $3.30 per share, which beat the analyst consensus estimate of $3.12 by 5.77%, according to Benzinga Pro data. Quarterly revenue of $2.05 billion beat the Street estimate of $2.01 billion. "We delivered strong second quarter results with consistent execution and momentum. Our sales reorganization is proceeding as expected," said Janesh Moorjani, Autodesk CFO. Autodesk expects third-quarter adjusted EPS of $3.04-$3.09, versus the $3.14 analyst estimate, and expects revenue of $2.13 billion to $2.14 billion, versus the $2.08 billion estimate. Autodesk shares fell 4% to trade at $259.74 on Friday.