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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Autodesk Inc | NASDAQ:ADSK | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.60 | 0.27% | 222.00 | 218.00 | 223.67 | 564 | 11:00:36 |
By Ben Glickman
Autodesk raised the lower end of its full-year guidance after third-quarter revenue and profit rose more than expected.
The San Francisco-based design software company now expects earnings per share of $3.88 to $3.94 for fiscal 2024, compared with previous guidance of $3.75 to $3.94. Analysts polled by FactSet expect $3.87 a share.
Autodesk now expects revenue of $5.45 billion to $5.465 billion for the fiscal year, compared with prior guidance of $5.405 billion to $5.455 billion. Analysts expect full-year sales of $5.435 billion, according to FactSet.
Autodesk's revenue and profit both rose in the fiscal third quarter, as the company saw larger-than-expected increases in agreements with existing customers.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
November 21, 2023 16:57 ET (21:57 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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