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Investing.com – Autodesk raised its full-year guidance after reporting first-quarter results Thursday that topped Wall Street estimates, driven by robust demand for its cloud-based design and engineering platforms and strong growth in its AECO and Make businesses.
Autodesk Inc (NASDAQ:ADSK) rose more than 2% in recent afterhours trading following the report.
For the three months ended Apr. 30, the company reported non-GAAP earnings per share of $2.29 on revenue of $1.63 billion, beating analyst expectations for EPS of $2.14 on revenue of $1.61B.
Growth was led by the AECO, or Architecture, Engineering, Construction, and Operations, segment, which increased 20% year-over-year, while the Make segment, which includes cloud-based product subscriptions, jumped 23%.
Looking ahead to the second quarter, Autodesk guided adjusted EPS in a range of $2.44 to $2.48 on revenue in the range of $1.72B to $1.73B, topping estimates for EPS of $2.43 on revenue of $1.7B.
The upbeat guidance comes even as the company flagged uncertain an "geopolitical, macroeconomic, and policy backdrop."
"Our guidance for Q2 and the rest of the year now includes currency movements since February partly offset by additional caution in our growth assumptions to reflect greater macro economic uncertainty."
For the full fiscal year 2026, Autodesk lifted its outlook, with non-GAAP EPS now expected in a range of $9.50 to $9.73 on revenue between $6.93B and $7.00B, up from a prior estimates for adjusted EPS in a range of $9.34 to $9.67 on revenue of $6.90B to $6.97B.