Shares of application software company Autodesk Inc (NASDAQ:ADSK) are moving lower after the close on Tuesday following an update from the company on its delayed quarterly report.
What Happened: Earlier this month, Autodesk announced an internal investigation was being conducted by its board’s audit committee after information was brought to the attention of management related to the company’s earnings release in February.
Autodesk said this week that the committee commenced an internal investigation regarding the company’s free cash flow and non-GAAP operating ...