Autodesk falls on weak profit forecast
ADSK•Q2 results beat, billings outlook raised
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Co, however, tops Q2 revenue and adj EPS estimates and raises its annual billings forecast
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Stock recently traded at 20x fwd earnings, below its 5-yr avg of 28x, per LSEG data, suggesting it may be undervalued
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ADSK shares down ~8.6% YTD vs. a 14.2% rise for the Nasdaq .IXIC
Shares fall after weak Q3 profit forecast
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Autodesk ADSK.O shares fall 4.2% to $259 premarket after the software co forecasts Q3 adjusted profit below Wall Street estimates
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Co sees Q3 adj profit of $3.04 to $3.09 per share, below analysts' avg estimate of $3.14, per LSEG data
