On September 1, Autodesk fell 3.06% in regular trading, trading at $250.72 per share, with turnover of $132 million. The decline reflects continued selling pressure following the company's Q2 earnings report, where Q3 profit guidance fell short of market expectations.

Autodesk reported Q2 adjusted EPS of $3.30, beating the consensus estimate of $3.12 by 5.77% and rising 25.95% year over year. Revenue came in at approximately $2.046 billion, also above the $2.012 billion estimate, prompting the company to raise its full-year revenue guidance to $8.295 billion-$8.345 billion versus the prior FactSet estimate of $8.21 billion. However, Q3 adjusted EPS guidance midpoint of $3.065 fell below the Street's expectation of $3.14, triggering the sell-off.

Adding to the pressure, investor concerns persist over margin dilution from the $3.6 billion acquisition of MaintainX, which closed on August 3. RBC expects the deal to contribute $60 million in revenue and $70 million in billings in H2, weighted toward Q4. Analysts broadly maintain buy ratings with a mean price target near $316, suggesting significant upside from current levels, though Goldman Sachs holds a neutral stance with a $265 target.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)