In this case, Autodesk’s revenues were lower than expected, causing the slight investor panic.Ī report on Seeking Alpha summarizes the news: Should the actual results vary notably from the forecast, the stock price will suddenly shift to account for the change in profitability, as the stock price had already been assuming the targets would have been met. Publicly traded companies frequently issue forecasts for their future performance, and these targets are taken into account by traders. The company reported missing their targets for the first quarter. Autodesk’s Stock Price Takes A Hit Īutodesk’s stock dropped 10% after their first quarter results were made public.
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