ADSK - What's Going On With Autodesk Stock After Earnings? | Benzinga
Autodesk, Inc. (NASDAQ:ADSK) shares are trading lower Tuesday after the company reported its first-quarter financial results. Additionally, a purported stockholder derivative complaint was filed in the U.S. District Court that named the directors and Chief Strategy Officer as defendants and the company as a nominal defendant.
The Details:
Autodesk reported quarterly earnings of $1.87 per share which beat the analyst consensus estimate of $1.77 by 5.65%.
Quarterly sales came in at $1.42 billion which beat the analyst consensus estimate of $1.39 billion by 1.94% and represents an 11.66% increase over sales from the same period last year, primarily due to an 11% increase in subscription revenue.
According to a company filing, on June 7, a purported stockholder derivative complaint was filed in the United States District Court for the Northern District of California, ...