Investing.com - Autodesk (NASDAQ:ADSK) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Autodesk announced earnings per share of $1.5 on revenue of $1.21B. Analysts polled by Investing.com anticipated EPS of $1.44 on revenue of $1.19B.
Autodesk shares are down 22% from the beginning of the year and are trading at $214.25 , down-from-52-week-high.They are under-performing the S&P 500 which is down 10.02% from the start of the year.
Autodesk shares lost 1.80% in after-hours trade the report.
Autodesk follows other major Information Technology sector earnings this month
Autodesk's report follows an earnings beat by Apple on January 27, who reported EPS of $2.1 on revenue of $123.95B, compared to forecasts EPS of $1.9 on revenue of $119B.
NVIDIA had beat expectations on February 16 with fourth quarter EPS of $1.32 on revenue of $7.64B, compared to forecast for EPS of $1.23 on revenue of $7.42B.
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