Top

Autodesk shares drop more than 3% after disappointing guidance

December 1, 2016

Via: CNBC
Category:

Shares of Autodesk dropped 3.5 percent Wednesday after the company reported disappointing guidance.

The design software company said it expected a fiscal fourth quarter earnings loss of 32 to 39 cents a share, more than the 31 cent loss expected by analysts polled by Reuters. The firm also gave a quarterly revenue outlook of $460 million to $480 million, below the Reuters consensus estimate of $487 million.

Read More on CNBC