shares of software maker autodesk inc fell more than 12 in afterhours trading as the company narrowed its revenue and profit guidance and lowered its billings outlook for the year the company said it now expects billings to range from 474 billion to 48 billion up 14 to 16 it had previously set a range of 486 billion to roughly 5 billion it also expects revenue of 436 billion to 438 billion up roughly 15 its previous guidance called for 435 billion to 439 billion it narrowed its earnings outlook to a range of 498 a share to 504 a share it previously set a range of 491 to 506 in the latest quarter the companys revenue of 113 billion and adjusted profit of 133 a share were ahead of analysts estimates demand was robust in q3 driving strong new subscriptions growth and renewal rates we expect it to remain so in q4 finance chief debbie clifford said in prepared remarks however supply chain disruption and resulting inflationary pressures a global labor shortage and the ebb and flow of covid are impacting the pace of our recovery and outlook shares of autodesk closed tuesday at 304 down 2 the stock is down 044 so far this year