Autodesk Shift To Cloud Still Sticky, Guidance Lags

By | August 28, 2015

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Autodesk (ADSK) stock sank Friday after the design software maker late Thursday posted fiscal Q2 sales that missed, as did its guidance. Autodesk stock was down more than 7% in afternoon trading in the stock market today, near 46.50 and at a 16-month low. San Rafael, Calif.-based Autodesk reported earnings per share excluding items of 19 cents, down 46% from the year-earlier quarter but 2 cents ahead of analyst forecasts. For the period ended July Scalper1 News

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