© Reuters.Autodesk earnings, Q1 revenue tops
Investing.com – Autodesk (NASDAQ: ) reported first-quarter results on Thursday that beat analysts’ expectations and topped revenue estimates.
Autodesk announced EPS of $1.43 on revenue of $1.17B. Analysts polled by Investing.com expected earnings of $1.35 per share on revenue of $1.15B.
Autodesk stock is down 31% from the start of the year and is still down 44.36% from its 52-week high of $344.39 set on August 24, 2021. They have underperformed the Nasdaq, which is down 24.96% from the start of the year.
Autodesk looks at earnings in other major IT divisions this month
Autodesk’s report comes after Apple reported earnings on April 28 that beat April 28, with Apple reporting EPS of $1.52 on revenue of $97.28B versus forecast EPS of $1.42 on revenue of $94.03B.
NVIDIA beat estimates on Wednesday, reporting first-quarter earnings of $1.36 per share on revenue of $8.29B, compared with expectations of $1.30 per share on revenue of $8.12B.
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