🔴 Autodesk is trading 4.35% down today after weaker-than-expected third-quarter profit guidance

Autodesk is trading 4.35% down at $258.80 after investors focused on weaker-than-expected third-quarter profit guidance despite a strong second-quarter beat.

• Management forecast adjusted Q3 EPS of $3.04–$3.09, below analysts’ $3.14 estimate.
• Autodesk raised full-year revenue and billings outlooks but narrowed its free-cash-flow forecast, adding pressure after the August 27 earnings release.
• The decline is company-specific, with software stocks rallying during the August 28 session.