Autodesk Falls After Delaying 10-K Report on Internal Probe (1)

(Updates stock move and adds Stifel comments.)

Autodesk fell as much as 3.5% in premarket trading on Tuesday after the software company filed to delay its 10-K annual report, citing an internal investigation on the company’s free cash flow and adjusted operating margin practices.

• Audit committee investigation with the assistance of outside counsel is ongoing
  • The company voluntarily contacted the SEC and intends to provide additional information as the investigation proceeds
  • Currently does not believe the investigation will affect any previously issued financial statements
  • To view the source of this information, click here
• Stifel analyst Adam Borg says “given that ...