Autodesk Inc. Announces 19% Decline In Q4 Profit

(RTTNews) - Autodesk Inc. (ADSK) reported a profit for fourth quarter that declined from last year.

The company said its earnings fell to $47.9 million, or $0.21 per share. This was lower than $58.8 million, or $0.25 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.11 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.5% to $648.3 million. This was down from $664.6 million last year.

Autodesk Inc. earnings at a glance:

-Earnings (Q4): $47.9 Mln. vs. $58.8 Mln. last year. -Earnings Decline (Y-o-Y): -18.5% -EPS (Q4): $0.21 vs. $0.25 last year. -EPS Decline (Y-o-Y): -16.0% -Analysts Estimate: $0.11 -Revenue (Q4): $648.3 Mln vs. $664.6 Mln last year. -Revenue Change (Y-o-Y): -2.5%

-Guidance: Next quarter EPS guidance: (-$0.17) - (-$0.12) Next quarter revenue guidance: $500 - $520 Mln Full year EPS guidance: (-$0.85) - (-$0.60) Full year revenue guidance: $1.95 - $2.05 Bln