Autodesk: Fiscal Q2 Earnings Snapshot

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Autodesk Inc. (ADSK) on Thursday reported fiscal second-quarter earnings of $492 million.

The San Francisco-based company said it had profit of $2.33 per share. Earnings, adjusted for one-time gains and costs, were $3.30 per share.

The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $3.12 per share.

The design software company posted revenue of $2.05 billion in the period, also beating Street forecasts. Nine analysts surveyed by Zacks expected $2.01 billion.

For the current quarter ending in October, Autodesk expects its per-share earnings to range from $3.04 to $3.09.

The company said it expects revenue in the range of $2.13 billion to $2.14 billion for the fiscal third quarter.

Autodesk expects full-year earnings in the range of $12.52 to $12.60 per share, with revenue ranging from $8.3 billion to $8.35 billion.

Autodesk shares have declined slightly more than 8% since the beginning of the year, while the S&P's 500 index has risen 13%. In the final minutes of trading on Thursday, shares hit $271.15, a fall of 5% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADSK at https://www.zacks.com/ap/ADSK