Autodesk Stock Sinks Despite Q1 Earnings Beat

Autodesk reported Q1 earnings of $2.99 per share, beating consensus estimates of $2.84, with revenue of $1.93 billion exceeding the $1.89 billion estimate. The company also raised its fiscal 2027 guidance for both EPS and revenue. However, the stock declined 3.84% to $231.70 in after-hours trading despite the positive results.