Ice, remember this list? #reply-8783876
One more co. from this list bites the dust. We ought to take a closer look at these companies.
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Autodesk Inc.
Dow Jones Newswires -- May 5, 1999
Autodesk Set To Open Lower On 1Q Earning Warning
By Maria V. Georgianis
NEW YORK (Dow Jones)--Autodesk Inc. (ADSK) shares are set to fall Wednesday, following the first-quarter profit warning the design software company issued late Tuesday.
After the market's close Tuesday, Autodesk said its quarterly net income will likely be 2 cents to 5 cents a share, excluding one-time charges. Per-share earnings are expected to range between 10 cents and 15 cents, excluding charges and amortization of goodwill from acquisitions.
In addition, the company said revenue for the period ending April 30 is expected to range between $190 million to $195 million. That's flat to barely above the reported revenue of $187.2 million that Autodesk had in last year's first quarter.
In explaining its first-quarter preview, Autodesk, in a press release, pointed to customers being "in a transition throughout our product line."
Analysts had expected Autodesk to earn 40 cents a share in the latest quarter,according to First Call Corp. In the year-ago quarter, the San Rafael, Calif., company reported earnings of 55 cents on revenue of $187.2 million.
In recent trading, Autodesk was at 20 3/4, according to Instinet Inc. The stock closed Tuesday at 28 1/2, down 3.4%.
-By Maria V. Georgianis (201) 938-5244;
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