Published On: Thu, Nov 30th, 2017

Autodesk Inc. (ADSK) Tumbled After Job Cuts

Inc. (ADSK) reported a third quarter loss of $0.12 per share the bell Tuesday, compared to the loss of $0.18 per share last year. The consensus estimate was for a loss of $0.13.

The company also announced that it plans to slash 1,150 jobs, or 13% of its workforce.

Autodesk gapped open sharply lower Wednesday and declined during the first hour of trade. The stock was range-bound for the rest of the session and closed down by 20.61 at $109.34 on the highest volume of the year. Autodesk sank to a 2-month low and dropped below its 50-day moving average.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Biotech Stocks Facing FDA Decision In December

Biotech Stocks Facing FDA Decision In December

The 10 Most Expensive Restaurants per se keller hubert top chef cuisine new york bourdain gordon ramsay

America’s 10 Most Expensive Restaurants

6 Pharma Stocks In News

6 Pharma Stocks In News

About the Author

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>