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National Instruments: 2Q Earnings Snapshot

AUSTIN, Texas (AP) _ National Instruments Corp. (NATI) on Thursday reported second-quarter net income of $31.1 million.

The Austin, Texas-based company said it had profit of 23 cents per share. Earnings, adjusted for stock option expense and costs related to mergers and acquisitions, were 34 cents per share.

The maker of scientific measuring equipment and software posted revenue of $341 million in the period.

For the current quarter ending in October, National Instruments expects its per-share earnings to range from 32 cents to 46 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 $336.8 million.

National Instruments shares have increased slightly more than 1 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $42.16, a drop of almost 2 percent in the last 12 months.


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