Seeking Alpha

More on Autodesk: Company blames a "mixed global economy" and a "weak April" for FQ1 miss. FQ2...

More on Autodesk: Company blames a "mixed global economy" and a "weak April" for FQ1 miss. FQ2 guidance is for revenue of $550M-$570M and EPS $0.39-$0.44, below a consensus of $597.5M and $0.51. Revenue now expected to grow ~3% in FY14 (ends Jan. '14), below a 5.9% consensus. Deferred revenue +3% Q/Q and +17% Y/Y to $861M. EMEA -4% Y/Y, worse than FQ4's -2%. Asia-Pac -3%, much worse than FQ4's +11%. Americas -3% vs. -2%. Two product weak spots: Platform Solutions & Emerging Business -6%, Media & Entertainment -8%. Construction +4%, manufacturing -4%. $129M in buybacks. ADSK -7.3% AH. CC at 5PM ET (webcast). (PR) (prepared remarks - .pdf)
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|