Autodesk (NASDAQ: ADSK) reported second-quarter financial results after the closing bell on Tuesday. The software company reported a 15% increase in Q2 revenue to $913 billion, beating Wall Street consensus. Net earnings of $0.98 per share also surpassed what analysts had anticipated.
However, ADSK shares fell 2.5% immediately following the announcement, on a 12% decline in billings. The stock has increased by 34% so far this year.
CFO Scott Herren said, “As a result of our adaptability, outstanding execution in a difficult environment, and healthy renewal rates, we delivered 15 percent year-over-year growth in revenue, expanded our operating margin by 5 percentage points, and delivered robust free cash flow.”
Tyson Foods Inc. (NYSE: TSN) reported first quarter 2023 earnings results today. Sales rose 2.5% year-over-year to $13.2 billion. Net income attributable to Tyson was $316 million, or $0.88 per
Apple Inc. (NASDAQ: AAPL) this week reported its first revenue decline in more than three years, even as the high inflation continues to squeeze customers’ spending power. Sales of the
Chipmaker Qualcomm, Inc. (NASDAQ: QCOM) has reported lower earnings and revenues for the first quarter of 2023. The company also provided guidance for the second quarter of 2023. At $9.5