Autodesk Profit Outlook Tempered as Guidance Looks Softer
Autodesk’s quarter looked strong, but shares fell as guidance appeared softer on profitability and cash generation than some investors expected. It projected third-quarter revenue of $2.125B to $2.140B and non-GAAP EPS of $3.04 to $3.09, while narrowing full-year free cash flow to $2.725B to $2.750B.