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National Instruments: 2Q Earnings Snapshot

July 30, 2019

AUSTIN, Texas (AP) _ National Instruments Corp. (NATI) on Tuesday reported second-quarter profit of $28.7 million.

On a per-share basis, the Austin, Texas-based company said it had profit of 22 cents. Earnings, adjusted for stock option expense and amortization costs, came to 35 cents per share.

The maker of scientific measuring equipment and software posted revenue of $334.2 million in the period.

For the current quarter ending in October, National Instruments expects its per-share earnings to range from 36 cents to 50 cents.

The company said it expects revenue in the range of $325 million to $355 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $352.7 million.

National Instruments shares have fallen 0.5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $45.14, a climb of almost 3% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NATI at https://www.zacks.com/ap/NATI

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