On May 29, Autodesk declined 5.89% in pre-market trading, trading at $226.75 per share with a trading volume of $111,400. The sell-off followed a classic buy-the-rumor-sell-the-news pattern after the company reported strong Q1 results but issued underwhelming full-year guidance alongside a major acquisition announcement.

Autodesk reported fiscal Q1 adjusted earnings of $2.99 per diluted share, 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 full-year adjusted EPS at $12.40-$12.65, barely above the FactSet consensus of $12.42, failing to deliver a meaningful upward revision.

Simultaneously, Autodesk announced a $3.6 billion all-cash acquisition of maintenance and operations software firm MaintainX, funded with approximately $1.6 billion in cash and the remainder through debt financing. The added leverage raised concerns about the company's near-term financial flexibility. With shares having already risen 3.08% during the prior regular session in anticipation of positive results, the lack of incremental upside in the guidance triggered profit-taking.

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