UPDATE 1-CAD software maker Autodesk forecasts profit below estimates May 19- Autodesk Inc, which makes computer-aided design software, forecast lower-than-expected profit and revenue for the second quarter, citing a stronger dollar. Autodesk, which gets nearly two-thirds of its revenue from outside the Americas, projected currency rate fluctuations to hit revenue growth by 5 percentage points for the year ending Jan. 31.
Autodesk beats Street 1Q forecasts SAN RAFAEL, Calif. _ Autodesk Inc. on Tuesday reported fiscal first-quarter profit of $19.1 million. Six analysts surveyed by Zacks expected $633.7 million. For the current quarter ending in July, Autodesk expects its per-share earnings to range from 14 cents to 19 cents.
Source: The Associated Press
CAD software maker Autodesk's profit falls May 19- Autodesk Inc, which makes computer-aided design software, reported a 32.5 percent fall in quarterly profit, hurt by an increase in operating expenses and cost of revenue. The company's net income fell to $19.1 million, or 8 cents per share, in the first quarter ended April 30, from $28.3 million, or 12 cents per share, a year earlier. Revenue increased to $646.5...
US STOCKS-Wall St set to open higher on ECB comment; Wal-Mart slips *Dow component Wal-Mart falls after results. May 19- U.S. stock were set to open higher on Tuesday after the European Central Bank suggested it would speed up bond buying, and investors shrugged off weak earnings from Wal-Mart. "The ECB's announcement to front-load its asset buying program certainly sparked the European markets and that's spilling over into the...
| By: Sweta Singh
Futures hold gains after housing data U.S. stock index futures indicated Wall Street would follow European markets higher on Tuesday, after finishing at record highs on Monday.
| By: Jenny Cosgrave