Autodesk Q3 Beats, Profit Outlook Light On Cloud
Autodesk (ADSK) stock gapped up to a record high in early trading Friday after the CAD maker late Thursday posted Q3 EPS and revenue above views, though its profit guidance was light on cloud costs. Autodesk said Q3 profit fell 39% to 25 cents excluding items, which beat analyst consensus estimates by 3 cents, as revenue rose 11% to $618 million, also above expectations. Autodesk stock was up 6% in early trading in the stock market today, near 62.