BUZZ-Autodesk rises on stronger profit forecast for fiscal 2026
ReutersFeb 27, 2025 9:35 PM
Shares of software firm Autodesk ADSK.O climb 7.7% to $304 after the close
Company sees fiscal 2026 profit of $9.34-$9.67 per share, higher than estimate of $9.24/share — LSEG
Reports strong growth in design and subscription plan revenue in the fourth quarter
"Autodesk is focused on the convergence of design and make in the cloud, enabled by platform, industry clouds, and AI ... We are reallocating internal resources toward these critical areas," CEO Andrew Anagnost says
Excluding one-time costs, ADSK earned $2.29/share in Q4, higher than $2.14/share estimate
Stock has lost 3.4% YTD
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