: Autodesk’s stock jumps 7% on revenue, earnings beat


Shares of Autodesk Inc. ADSK, +1.88% climbed 7% in extended trading Wednesday after the software company reported quarterly results that topped analyst revenue and earnings estimates. Autodesk reported fiscal second-quarter net income of $222 million, or $1.03 a share, compared with net income of $186 million, or 85 cents a share, in the year-ago quarter. Adjusted earnings were $1.91 a share. Net revenue increased to $1.35 billion from $1.24 billion a year ago. Analysts surveyed by FactSet had expected on average net earnings of $1.73 a share on revenue of $1.32 billion. Autodesk’s stock has advanced 9% this year, while the broader S&P 500 index SPX, +1.10% has increased 15%.

This article was originally published by Marketwatch.com. Read the original article here.

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