🔴 Autodesk is trading 4.24% down in pre-market after Q3 adjusted profit guidance below estimates

Autodesk is trading $259.11 (-4.24%) after management forecast Q3 adjusted profit of $3.04–$3.09 per share, below the $3.14 analyst estimate.

• Reuters reported shares fell more than 5% in extended trading as investors assessed AI-disruption risks and higher costs from the MaintainX acquisition.
• Q2 revenue reached $2.05B, above the $2.01B estimate, while adjusted profit beat expectations.
• Full-year billings guidance increased to $8.58B–$8.65B.