Autodesk Inc. (ADSK) has reported a profit for the third quarter that not only shows growth compared to the same quarter last year, but also surpasses Wall Street's expectations.
The company posted earnings of $275 million, translating to $1.27 per share. This is an improvement over last year's third-quarter figures of $241 million, or $1.12 per share.
When adjusted for certain items, Autodesk reported earnings of $2.17 per share for the quarter. This performance exceeded the consensus forecast of $2.12 per share, as projected by analysts polled by Thomson Reuters. Note that these projections typically exclude special items.
Revenue for the quarter saw an 11.0% increase, reaching $1.570 billion, up from $1.414 billion in the previous year.
Here's a brief snapshot of Autodesk Inc.'s third-quarter (GAAP) performance:
- Earnings: $275 million compared to $241 million the previous year.
- Earnings per Share (EPS): $1.27 compared to $1.12 last year.
- Revenue: $1.570 billion compared to $1.414 billion last year.
**Outlook:**
- Projected EPS for the next quarter ranges from $2.10 to $2.16.
- Anticipated revenue for the next quarter is projected between $1,623 million and $1,638 million.
- Full-year EPS is expected to be between $8.29 and $8.35.
- Full-year revenue is forecasted to range from $6,115 million to $6,130 million.
