Autodesk Stock Falls After Design Software Firm Posts In-Line Sales

▤ Summary

Autodesk (ADSK), a maker of design and project workflow software, late Wednesday beat Wall Streets earnings target for its fiscal second quarter, but sales were only in line with views. The San Rafael, Calif.-based company earned an adjusted $1.21 a share on sales of $1.06 billion for the quarter ended July 31. On July 29, ADSK stock broke out of a 28-week consolidation period at a buy point of 321.23, according to IBD MarketSmith charts. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. YOU MAY ALSO LIKE: Financial Software Firm Intuit Trounces Quarterly Targets, Gives Robust Outlook See Stocks On The List Of Leaders Near A Buy Point

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