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Autodesk falls as earnings come up short

Autodesk software helped develop new methods of virtual moviemaking like in “Avatar.”

Twentieth Century Fox

Autodesk software helped develop new methods of virtual moviemaking like in “Avatar.”

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Shares of software design firm Autodesk Inc. slumped on first-quarter earnings of 42 cents per share, which fell short of estimates of 45 cents. The company also lowered its second-quarter forecast to between 39 and 44 cents, compared to estimates of 51 cents. Revenues for the period fell 3.1 percent to $570.4 million, coming up short of estimates of $586 million. “A mixed global economy weighed heavily on our first-quarter results,” said chief executive Carl Bass.

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