Autodesk Shares Slide After Softer Q3 Profit Guidance Linked to MaintainX Costs
Autodesk slid more than 5% after hours after its third-quarter adjusted profit guidance came in soft, as MaintainX financing and operating costs began to bite. Despite the outlook, the quarter showed strong results: revenue rose 16% to $2.046 billion, operating cash flow increased 25% to $575 million, and free cash flow reached $561 million with a 27.4% margin, while the $3.6 billion MaintainX deal faces fresh scrutiny on value creation.