Autodesk Shift To Cloud Still Sticky, Guidance Lags
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