Autodesk Inc. (NASDAQ:ADSK) shares are trading lower Friday after the company reported second-quarter financial results post-market Thursday and issued third-quarter earnings per share guidance below estimates. Also, the company narrowed its fiscal-year 2027 adjusted earnings per share guidance with its midpoint below estimates.
Autodesk shares are retreating from recent levels. Why is ADSK stock falling?
Q2 Highlights
Autodesk reported adjusted earnings per share of $3.30, beating the consensus estimate of $3.12. In addition, it reported revenue of $2.046 billion, beating the consensus estimate of $2.012 billion.
“We delivered strong second quarter results with consistent execution and momentum. Our sales reorganization is proceeding as expected,” said Janesh Moorjani, Autodesk CFO.
