Autodesk (NASDAQ:ADSK) Issues Weak First Quarter Outlook; Shares Tumbles – ADSK, ADBE, PMTC, AVID

Autodesk, Inc (NASDAQ:ADSK) on Thursday declared fiscal Q1 results that disappointed investors and mentioned mixed economic conditions globally had hurt its unit.

The San Rafael, California based company also issued a weak outlook for three months period, and shares tumbled in extended trading session.

The design software company declared that it earned $55.6 million or 24 cents a share for three months period finished April 30, low from $78.9 million or 34 cents a share in the similar period a year ago.

Profit, without special items like the cost of paying employees in stock and options, tumbled to 42 cents per share from 47 cents a share.

Quarterly revenue moved down 3% to $570.4 million from $588.6 million, with sales tumbling in each of the firm’s regions.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Adobe Systems Incorporated (NASDAQ:ADBE) fell -1.13% to settle at $44.56, PTC Inc (NASDAQ:PMTC) moved up +1.48% to end at $24.62 while Avid Technology, Inc. (NASDAQ:AVID) jumped ++0.58% to finish at $6.99 on Thursday.

Autodesk, Inc. (NASDAQ:ADSK) on May 16, 2013 increased +0.89% to the closing price of $39.78. The overall volume in the last trading session was 4.50 million shares. Its fifty two weeks range was $27.70 – $41.42. The total market capitalization remained at $8.90 billion.

ABTL is ahead of its 52-week low with 43.61% and lagging behind from its 52-week high price with -3.96%. ABTL’s last month’s stock price volatility remained 2.30%. In its share capital ABTL has 224.32 million outstanding shares, among them 223.97 million shares have been floated in market exchange. ABTL’s stock’s institutional ownership remained 90.00% while insider ownership included 0.35%.

The stock price of ABTL is moving forward from its 20 days moving average with 3.53% and remote positively from 50 days moving average with 1.64%. ABTL’s current year’s earnings per share experienced a downfall of -12.69% while its current quarter performance remained at 2.87%. Company’s beta coefficient included 2.05. Beta factors measure the amount of market risk associated with market trade.

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