Autodesk Stock Sinks After Outlook Disappoints Investors

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https://www.barrons.com/articles/autodesk-shares-sink-after-outlook-disappoints-investors-51637708149

Updated Nov. 23, 2021 6:54 p.m. ET / Original Nov. 23, 2021 5:55 p.m. ET

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Shares of Autodesk were sinking aft the bundle institution reported October 4th results. While net and income bushed expectations, the company’s outlook erstwhile again disappointed investors.

Autodesk reported fiscal 3rd 4th adjusted net of $1.33 a share, up of statement estimates astatine $1.26 a share, according to FactSet. Total nett gross of $1.13 cardinal was up 18% twelvemonth implicit twelvemonth and up of expert estimates of $1.12 billion.

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