Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Merrill Downgrades Autodesk

Autodesk (ADSK) posted $0.16 Q1 EPS (pro forma) on a 6.9% revenue decline. Merrill Lynch downgraded the shares to near term neutral from strong buy.

Analyst Jay Vleeschhouwer says the company's intermediate revenue outlook has been reduced below his recent vision, including the likelihood of a sequential decline in Q2. He says most of the weakness appears to stem from its Discreet division, its Japanese operations, and the winding down of the stand-alone AutoCAD upgrade cycle. Vleeschhouwer notes Design Solutions unit revenues fell slightly in Q1,and he thinks they will likely be lower again in Q2. He cut his $0.87 fiscal 2003 (ending January) EPS estimate to $0.83 and his $1.30 fiscal 2004 forecast to $1.25. He rates the shares long term strong buy.

blog comments powered by Disqus