Why did Autodesk shares perform well recently?

Autodesk shares have seen strong performance as its adjusted earnings per share forecast for the first quarter exceeded analyst expectations.

What caused Duolingo's stock to drop significantly?

Duolingo's stock fell 20% in extended trading because the company provided a full-year outlook that was below investor expectations, with concerns about AI disruption also contributing.

What were CoreWeave's recent financial results?

CoreWeave reported a fourth-quarter loss of 89 cents a share, which was larger than expected, although its revenue increased to $1.57 billion and it has contracts with major tech companies.

Home / Business and Economy / Autodesk Soars on EPS Beat; Duolingo Dives on Weak Outlook

Autodesk Soars on EPS Beat; Duolingo Dives on Weak Outlook

27 Feb

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Summary

Autodesk's adjusted earnings per share forecast exceeded analyst expectations.
Duolingo's shares dropped 20% after its full-year outlook fell short.
CoreWeave reported a larger-than-expected loss but saw revenue climb.

Autodesk Soars on EPS Beat; Duolingo Dives on Weak Outlook

Autodesk has been a standout performer, exceeding analyst expectations with its adjusted earnings per share forecast for the first quarter. This positive financial outlook has driven significant investor confidence.

In contrast, Duolingo's shares plummeted by 20% in after-hours trading. The language-learning software company issued a full-year outlook that failed to meet market expectations. This downturn follows a year-to-date stock decline of 33%, largely attributed to investor apprehension regarding potential AI-related disruptions.

CoreWeave, a cloud infrastructure provider, reported its fourth-quarter results, revealing a larger loss than anticipated at 89 cents per share. Despite this, the company's revenue demonstrated strength, climbing to $1.57 billion. CoreWeave continues to build its client base, holding contracts with prominent entities such as OpenAI, Meta Platforms, and Microsoft Corp.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.