On May 29, Autodesk fell 3.63% in after-hours trading, trading at $234.9/share, with trading volume of $21.44 million. The decline came despite a Q1 earnings beat, as the company's full-year guidance failed to meaningfully exceed market expectations.

Autodesk reported Q1 adjusted EPS of $2.99, beating the consensus estimate of $2.84 by 5.28%, representing a 30.57% year-over-year increase. Revenue came in at $1.934 billion, also topping the $1.893 billion estimate. However, the company guided fiscal 2027 adjusted EPS of $12.40–$12.65, barely above the FactSet consensus of $12.42, disappointing investors hoping for a more aggressive raise.

The stock had already risen 3.08% during regular trading ahead of the report, as multiple institutions including Morgan Stanley and Bank of America had flagged expectations for a solid quarter. The after-hours reversal reflects a classic sell-the-news reaction after optimism was already priced in. Morgan Stanley maintained its Overweight rating but trimmed its price target to $315 from $350, citing broader software sector volatility.

(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.)