Autodesk Shares Down 15% on Macro Challenges 
<p><a href='https://financialmodelingprep.com/financial-summary/ADSK'>Autodesk, Inc. (NASDAQ:ADSK) </a>shares closed 15.49% lower on Wednesday following Q3 results. Quarterly revenue came in at $1.126 billion, slightly above the consensus estimate by 0.7%.</p>
<p>While the demand environment was called out as robust, macro challenges around supply chain disruptions, labor shortages and AEC weakness in China impacted the results and outlook as 2022 billings/FCF guidance moved lower. The company now expects billings to be $4.74-$4.8 billion.</p>
<p>While 2023 FCF guidance was reiterated, management cautioned around COVID, the supply chain and FX risks, which could impact the 2023 FCF target by $100-200 million, with revenue growth likely closer to 17%. </p>

NASDAQ:ADSK