Shares of Autodesk Inc. surged in after-hours trading on Thursday following the release of impressive fiscal fourth-quarter results. The developer of 3-D design software exceeded expectations with its latest financial report.
Financial Performance Highlights
Net Income: The company reported a fourth-quarter net income of $282 million, or $1.31 per share - a slight decrease from the previous year.
Adjusted Earnings: After accounting for various expenses, including stock-based compensation and acquisition-related costs, Autodesk earned $2.09 per share, surpassing FactSet estimates.
Revenue: Revenue for the quarter increased by 11% year over year to $1.47 billion, surpassing FactSet estimates.
Future Outlook
Sales Forecast: Autodesk projected full-year fiscal 2025 sales to be between $5.99 billion and $6.09 billion, exceeding Wall Street's expectations.
Earnings Per Share: The company expects adjusted earnings per share to range from $7.89 to $8.11, slightly below FactSet estimates.
Billings: Autodesk forecasts full-year billings between $5.81 billion and $5.96 billion, with the midpoint slightly above analyst predictions.
CEO Perspective
Autodesk's Chief Executive Andrew Anagnost expressed optimism about the future, stating, "Having led the industry in generative design, we are leading again in 3D generative AI." He highlighted the company's new multimodal foundation models, emphasizing their ability to automate tasks efficiently and produce high-quality designs at a faster pace.
Anagnost added, "Autodesk remains resilient and underlying demand for our products and services is robust."
The company's shares rose by 5.1% in after-hours trading, reflecting investor confidence in Autodesk's performance and future prospects.
London Stock Exchange Group Financial Report
Saying Goodbye to Alexei Navalny
Related Articles
![Impinj Reports Strong Fourth-Quarter Revenue](https://www.signalsforex.net/img/0888b08e-b978-43c0-bdb4-4db1785eb1d5/news-article-3.jpeg?fm=jpg&q=80&fit=max&crop=1440%2C1080%2C240%2C0)
Impinj Reports Strong Fourth-Quarter Revenue
Impinj surpasses revenue guidance, with shares rising by 11% in after-hours trading.
![GameStop Appoints Ryan Cohen as CEO](https://www.signalsforex.net/img/0888b08e-b978-43c0-bdb4-4db1785eb1d5/news-article-3.jpeg?fm=jpg&q=80&fit=max&crop=1440%2C1080%2C240%2C0)
GameStop Appoints Ryan Cohen as CEO
Ryan Cohen's appointment as CEO of GameStop ignites enthusiasm and optimism, signaling a transformation in the gaming industry. Cohen's vision for the company f...
![D.R. Horton Inc. Faces Challenges Amidst Margin Pressure](https://www.signalsforex.net/img/0888b08e-b978-43c0-bdb4-4db1785eb1d5/news-article-3.jpeg?fm=jpg&q=80&fit=max&crop=1440%2C1080%2C240%2C0)
D.R. Horton Inc. Faces Challenges Amidst Margin Pressure
Shares of D.R. Horton Inc. plummeted as profit fell short of expectations. The company anticipates ongoing challenges due to affordability constraints and incre...