Earnings and revenue beat estimates, guidance is positive
- Autodesk’s stock is up more than 3% in extended trading after reporting strong quarterly results
- Net earnings for the fiscal third quarter were $241 million, compared to $198 million last year
- Adjusted earnings were $2.07 per share
- Revenue for the quarter was $1.41 billion, up from $1.28 billion last year
- Analysts had expected net earnings of $1.99 per share on revenue of $1.39 billion
- Autodesk shares have risen 16.5% this year
Autodesk Inc. reported strong quarterly results, with net earnings of $241 million and revenue of $1.41 billion, beating analyst estimates. Adjusted earnings were $2.07 per share. The company’s stock initially grew more than 3% in extended trading following the announcement. Analysts had expected net earnings of $1.99 per share on revenue of $1.39 billion. Autodesk shares have risen 16.5% this year.
Factuality Level: 9
Factuality Justification: The article provides specific information about Autodesk’s quarterly results, including net earnings, adjusted earnings, and revenue. It also mentions that the results topped analyst estimates and provides the expected earnings and revenue figures from FactSet. The article includes the stock performance of Autodesk and the broader market index. Overall, the article provides factual information without any apparent bias or misleading content.
Noise Level: 8
Noise Justification: The article provides information on Autodesk’s quarterly results, including earnings and revenue figures. It also mentions that the stock initially grew more than 3% in extended trading and provides the year-to-date performance of Autodesk’s stock. However, the article lacks analysis, context, and actionable insights. It simply reports the numbers without delving into the reasons behind the company’s performance or the implications for investors. Additionally, the article does not provide any evidence or examples to support its claims. Overall, the article contains mostly noise and filler content, with little intellectual rigor or value for the reader.
Financial Relevance: Yes
Financial Markets Impacted: Autodesk Inc.’s stock
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses Autodesk Inc.’s quarterly results and its impact on the company’s stock. There is no mention of any extreme event.
Public Companies: Autodesk Inc. (ADSK), S&P 500 index (SPX)
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