Software maker Autodesk Inc. (Nasdaq: ADSK) posted a fourth quarter loss of 47 cents per share compared with income of 40 cents per share a year earlier and lower revenues as demand sagged in the media and entertainment sector. An analyst promptly downgraded the stock sending the stock price tumbling $1.18 to $12.88.
Autodesk Swings To Loss
February 27, 2009 at 13:42 PM EST
