Europe ends lower after US data, Greece weighs Europe markets extended losses to close lower Tuesday, following U.S. stocks into negative territory with investors reacting to corporate earnings and concerns that Greece is finally about to default on its loan repayments.
| By: Jenny Cosgrave
Street Talk: LC under the radar "Power Lunch" hosts Melissa Lee and Brian Sullivan look at 5 stocks with analyst recommendations, including Autodesk and Comcast.
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...