Seeking Alpha

Soft Q2 guidance is hammering Autodesk (ADSK -15%) post-earnings. During its earnings call,...

Soft Q2 guidance is hammering Autodesk (ADSK -15%) post-earnings. During its earnings call, Autodesk claimed weak sales to EMEA and Media & Entertainment customers are hurting results; it blames the latter on a mix shift towards suites, and weak demand for Creative Finishing software. Jefferies (Buy) also notes maintenance and backlog numbers were weak, but thinks Autodesk's margin improvements and transition to a subscription-based model will drive shares higher.
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:

|