Investing.com - Autodesk (NASDAQ:ADSK) reported third quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $0.29 on revenue of $660.9M. Analysts polled by Investing.com forecast EPS of $0.27 on revenue of $640.66M. That compared to EPS of $-0.12 on revenue of $515.3M (NYSE:MMM) in the same period a year earlier. The company had reported EPS of $0.19 on revenue of $611.7M in the previous quarter.
For the year, Autodesk shares are up 17.38%, outperforming the Nasdaq which is down 0.42% year to date.
Autodesk follows other major Technology sector earnings this month
On Thursday, November 1, 2018, Apple reported fourth quarter EPS of $2.91 on revenue of $62.9B, compared to forecasts of EPS of $2.78 on revenue of $61.46B.
Microsoft earnings beat analyst's expectations on Wednesday, October 24, 2018, with first quarter EPS of $1.14 on revenue of $29.08B. Investing.com analysts expected EPS of $0.96 on revenue of $27.88B
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