After Hours: Autodesk shares dip as CFO goes to Salesforce.com

By Wallace Witkowski, MarketWatch


Bloomberg

SAN FRANCISCO (MarketWatch) — Autodesk Inc. shares dipped slightly in the extended session Monday after the software company said its chief financial officer was leaving to go work at Salesforce.com.

/quotes/zigman/68719/delayed/quotes/nls/adsk ADSK 56.38, -0.02, -0.04%

Autodesk 12-month share price

Shares of Autodesk Inc. /quotes/zigman/68719/delayed/quotes/nls/adsk ADSK -0.04%  declined 0.2% to $ 56.25 on moderate volume after the company said that Chief Financial Officer Mark Hawkins is leaving at the end of July to become CFO at Salesforce.com /quotes/zigman/338061/delayed/quotes/nls/crm CRM +1.22% . CFO Graham Smith at Salesforce.com will stay with the company as an adviser, Salesforce.com said.

Autodesk also forecast adjusted second-quarter earnings of 25 cents to 30 cents a share on revenue of $ 595 million to $ 610 million. Analysts surveyed by FactSet expect 28 cents a share on revenue of $ 600.3 million.

Shares of Pinnacle Foods Inc. /quotes/zigman/14664120/delayed/quotes/nls/pf PF -0.06%  declined 0.6% to $ 32.71 on moderate volume after the company said it exercised its right to not be acquired by Hillshire Brands Inc. Pinnacle said it’s entitled to a $ 163 million payment from Hillshire.

Pinnacle reaffirmed its adjusted earnings forecast for the year of $ 1.70 to $ 1.75 a share. Analysts expect $ 1.74 a share.

Shares of Tri Pointe Homes Inc. /quotes/zigman/13913860/delayed/quotes/nls/tph TPH +2.54%  declined 2.5% to $ 15.33 on moderate volume after Weyerhaeuser Co. /quotes/zigman/246093/delayed/quotes/nls/wy WY +1.57%  set the exchange ratio between its shares and Weyerhaeuser Real Estate Co. at 1 to 1.7003. Weyerhaeuser Real Estate Co. is to become to merge with Tri Point and become a subsidiary

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/quotes/zigman/68719/delayed/quotes/nls/adsk

US : U.S.: Nasdaq

Volume: 2.21M

June 30, 2014 4:00p

Market Cap

$ 12.85 billion

Rev. per Employee

$ 301,039

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/quotes/zigman/338061/delayed/quotes/nls/crm

US : U.S.: NYSE

Volume: 5.32M

June 30, 2014 4:00p

Market Cap

$ 35.23 billion

Rev. per Employee

$ 331,214

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/quotes/zigman/14664120/delayed/quotes/nls/pf

US : U.S.: NYSE

Volume: 698,878

June 30, 2014 4:03p

Rev. per Employee

$ 674,287

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/quotes/zigman/13913860/delayed/quotes/nls/tph

US : U.S.: NYSE

Volume: 8.69M

June 30, 2014 4:04p

Market Cap

$ 484.93 million

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/quotes/zigman/246093/delayed/quotes/nls/wy

US : U.S.: NYSE

Volume: 19.48M

June 30, 2014 4:04p

Market Cap

$ 19.07 billion

Rev. per Employee

$ 627,372

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Wallace Witkowski is a MarketWatch news editor in San Francisco. Follow him on Twitter @wmwitkowski.


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