Stock Groups

Autodesk Earnings, Revenue Beat in Q1 -Breaking

[ad_1]

© Reuters. Autodesk Revenue Beats in Q1

Autodesk (NASDAQ) – Investing.com announced Thursday that it had reported its first quarter results that exceeded analyst forecasts. The company also posted a record revenue, which was above expectations.

Autodesk reported earnings per share at $1.43 for revenue $1.17B. Investing.com polled analyst to predict EPS of $1.35 based on $1.15B revenue.

Autodesk shares fell 31% over the first year but are still below 44.36% of its 52 week peak of $344.39, which was set on August 24, 2020. The Nasdaq is performing worse than Autodesk, which has fallen 24.96% since the beginning of the year.

Autodesk is following other important earnings in the Information Technology sector this month

Autodesk’s earnings report comes after Apple reported an Apple earnings beat of $1.52 per $1.97B revenue. Forecasts for EPS were $1.42 at $94.03B revenue.

NVIDIA beat all expectations Wednesday, posting a first quarter EPS (EPS) of $1.36 on $8.29B in revenue. This compares to the forecast of EPS ($1.3 on $8.12B revenue).

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

[ad_2]