Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, February 29, 2008

Article Excerpt

AUTODESK, INC. $31.09, symbol ADSK on Nasdaq, fell more than 15% this week, despite higher earnings in the fiscal fourth quarter ended January 31, 2008. Earnings per share excluding one-time items rose 13%, to $0.52 from $0.46. However, consensus expectations were for earnings of $0.54 a share. Revenues rose 20%, to $599.1 million from $497.4 million a year earlier. U.S. revenues were up just 1.5%, to $206 million from $203 million. European revenues rose 38.6%, to $262 million from $189 million. Asia/Pacific sales were up 24.8%, to $131 million from $105 million. Autodesk also lowered its earnings outlook for the current first quarter to between $0.46 and $0.48 a share, excluding one-time items. That’s below consensus forecasts of $0.52 a share. Autodesk confirmed investor worries that U.S. sales were slowing in all industries, but especially in the construction market. Autodesk is the largest maker of design software used in construction and engineering. Autodesk is still a hold. EUROPEAN GOLDFIELDS, $5.92, symbol EGU on…