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Autodesk forecasts quarterly profit below Wall Street estimates, shares dip

Source: reuters.com

Artificial IntelligenceCorporate EarningsAnalyst InsightsCorporate Guidance & OutlookCompany Fundamentals
Autodesk forecasts quarterly profit below Wall Street estimates, shares dip

Autodesk guided third-quarter adjusted profit below expectations, and shares fell more than 5% in extended trading. Investors are also concerned that AI tools could disrupt the company’s core software offering, adding to the earnings-gloom despite the short-term forecast miss.

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