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Autodesk jumps after results

NEW YORK, May 22 (Reuters) - Autodesk Inc ADSK.O shares jumped 16.8 percent to $21.99 in premarket trade on Friday after the engineering software maker posted first-quarter results that topped Wall Street estimates late Thursday and announced new job cuts to save money.

Keybanc subsequently raised its rating on the stock to “hold” from “underweight.”

(Reporting by Chuck Mikolajczak, Editing by Chizu Nomiyama)

((Charles.mikolajczak@thomsonreuters.com; +1 646 223 5234; Reuters Messaging:rm://Charles.mikolajczak.reuters.com@reuters.net)) Keywords: MARKETS STOCKS BEFORETHEBELL

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