Design Software Stocks Fall Despite Q1 Revenue Beats

Earnings

โดย StockStory·Read original

Summary · why it matters

Design software stocks tracked by StockStory have fallen an average of 11.6% since their latest earnings reports, even though the group's revenues beat analysts' consensus estimates by 3% in the first quarter. Among the seven companies covered, Autodesk reported revenues of $1.93 billion, up 18.4% year on year and exceeding expectations by 2.2%, but its stock dropped 19.4% after it delivered the weakest full-year guidance update of the group. Adobe posted the best performance with revenues of $6.62 billion, up 12.7% and beating estimates by 2.6%, yet its shares declined 9.6%. Dolby Laboratories had the weakest quarter, with revenues of $395.6 million growing 7.1% and missing EPS guidance, leading to a 19.6% stock decline.

Adobe Systems Incorporated ▼

Autodesk Inc ▼

Dolby Laboratories ▼

Impact on stocks 5

Cloud & Digital Infrastructure▼ · 3 stocks

▼ NegativeCapitalrelevance

Revenue beat but stock dropped 19.4% after delivering weakest full-year guidance update.

Procore Technologies Inc

Mentioned

Mentioned

Artificial Intelligence▼ · 1 stocks

Adobe Systems Incorporated

▼ NegativeCapitalrelevance

Revenue beat but stock fell 9.6% after earnings, indicating market disappointment despite beat.

Information Technology▼ · 1 stocks

Dolby Laboratories

▼ NegativeCapitalrelevance

Revenue grew 7.1% but missed EPS guidance, leading to 19.6% stock decline.