Latest news with #AutoDesk
CNBC
22-05-2025
- Business
- CNBC
Stocks making the biggest moves after hours: Intuit, Workday, Ross Stores, Deckers and more
Check out the companies making headlines in extended trading. Ross Stores — Shares pulled back more than 11%. Ross withdrew its earlier full-year guidance . The off-price retailer said that it expects second-quarter earnings to range from $1.40 to $1.55 per share, while analysts polled by LSEG sought $1.65 per share. Ross also said that it expects pressure on its profitability if tariffs remain at elevated levels. AutoDesk — Shares gained more than 2% after the software company issued a higher-than-expected second-quarter outlook. AutoDesk forecast adjusted earnings in the current quarter in the range of $2.44 to $2.48 per share on revenue of $1.72 billion to $1.73 billion. Analysts polled by LSEG were looking for $2.34 cents per share and revenue of $1.70 billion. Intuit — Shares of the tax software company gained about 8% after Intuit forecast a rosy outlook for the full year. The firm forecast adjusted earnings in the range of $20.07 to $20.12 per share, up from its earlier guidance of $19.16 to $19.36 per share. FactSet consensus estimates sought $19.40 per share. Fiscal third-quarter results also topped estimates. Workday — The human resources software company pulled back more than 6% after forecasting subscription revenue in the second quarter of $2.16 billion, which matched the StreetAccount consensus estimate. The company's first-quarter results surpassed analyst estimates on the top and bottom lines. StepStone Group — Shares of the private market investment firm surged 13%. Assets under management surged to $189.4 billion in the fiscal fourth quarter, up from $156.6 billion in the year-ago period. Deckers Outdoor — The maker of Ugg boots saw shares slide 14%. Deckers declined to provide full-year guidance for fiscal 2026, citing "macroeconomic uncertainty related to evolving global trade policies." Fourth-quarter results beat LSEG consensus expectations on the top and bottom lines, however. — CNBC's Darla Mercado contributed reporting
Reuters
05-02-2025
- Automotive
- Reuters
Industrial software maker PTC trims annual forecast amid tariff concerns
Feb 5 (Reuters) - PTC (PTC.O), opens new tab cut its full-year revenue and adjusted earnings forecasts on Wednesday amid increasing competition and fears over President Donald Trump's tariff policy, which could result in fewer takers for its industrial and testing software. Shares of the company were down 2.8% after the bell. PTC offers product lifecycle management (PLM) software, which helps in development and manufacturing of products. The company faces stiff competition from AutoDesk (ADSK.O), opens new tab, Siemens ( opens new tab and Dassault Systems ( opens new tab. Boston-based PTC now expects full-year revenue to be between $2.43 billion and $2.53 billion, below its previous forecast of $2.51 billion to $2.61 billion. U.S. automakers — customers of PTC — are exposed to any tariff implementations by Trump. The U.S. president imposed a steep 25% tariff on Mexico and Canada, and a 10% tariff on China last week. Initially set to take effect on Feb. 4, he agreed to a 30-day pause for tariffs on Mexico and Canada in return for concessions on its borders. PTC now expects adjusted earnings per share between $5.30 and $6.00 for the full year, below its previous estimate of between $5.60 and $6.30. Among PTC's clients is Volkswagen (VOWG_p.DE), opens new tab, one of the most exposed automakers in Europe from tariffs, according to Stifel. PTC expects revenue to be between $590 million and $620 million in the second quarter, below analysts' average estimate of $648.7 million, according to data compiled by LSEG. PTC projected adjusted earnings per share of $1.30 to $1.50 for the quarter, compared with analysts' estimate of $1.62. It posted revenue of $565 million for the first quarter ended Dec. 31, compared with the average analyst estimate of $552.1 million. Excluding items, PTC earned $1.10 per share, above estimates of 89 cents.
