Autodesk reports strong Q4 results, optimistic outlook, and stock sentiment turns bullish.
From Stocktwits: 2025-02-27 22:16:13
Autodesk, Inc. (ADSK) reported better-than-expected fourth-quarter results, with adjusted EPS of $2.29 and revenue of $1.639 billion, exceeding consensus estimates. The company also announced optimization initiatives that included job cuts to reallocate resources to critical areas. Subscription plan revenue climbed 14% and net revenue retention rate remained strong. Autodesk expects first-quarter adjusted EPS of $2.14-$2.17 and revenue of $1.6 billion to $1.61 billion, surpassing analyst estimates. The company plans to deliver best-in-industry GAAP operating margins once sales and marketing optimization is complete. Stocktwits sentiment turned ‘bullish’ after the earnings, with the stock rising 1.15% in after-hours trading.
Read more at Stocktwits: Stock Volatile After-Hours But Retail Sentiment Flips To ‘Bullish’