Categories AlphaGraphs, Earnings, Technology
Autodesk (ADSK) Earnings: Q2 results beat estimates amid high demand
Design software company Autodesk, Inc. (NASDAQ: ADSK) Wednesday reported strong earnings and revenue growth for the second quarter of 2022. The numbers also exceeded analysts’ estimates.
The San Rafael, California-based tech firm posted adjusted earnings of $1.21 per share for the July quarter, higher than last year’s $0.98 per share and above analysts’ consensus forecast. Net income rose to $115.6 million or $0.52 per share from $98.2 million or $0.44 per share in the second quarter of 2021.
At $1.06 billion, second-quarter revenues were up 16% from last year. The top-line also surpassed the market’s projection.
Read management/analysts’ comments on Autodesk’s Q2 results
Shares of Autodesk have gained 15% so far this year. The stock dropped on Thursday evening soon after the earnings release, after closing the regular session higher.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Earnings Preview: Costco (COST) looks poised to end fiscal 2024 on a high note
Costco Wholesale Corporation (NASDAQ: COST), which operates a chain of membership warehouses, will unveil its fourth-quarter results on the evening of September 26. It has a good track record of
Key takeaways from General Mills’ (GIS) Q1 2025 earnings report
Shares of General Mills, Inc. (NYSE: GIS) gained over 1% on Wednesday after the company’s announcement of its first quarter 2025 earnings results. Revenue came in line with estimates while
GIS Earnings: All you need to know about General Mills’ Q1 2025 earnings results
General Mills, Inc. (NYSE: GIS) reported its first quarter 2025 earnings results today. Net sales decreased 1% year-over-year to $4.8 billion. Organic sales were down 1%. Net earnings attributable to