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National Instruments: 3Q Earnings Snapshot

AUSTIN, Texas (AP) _ National Instruments Corp. (NATI) on Tuesday reported third-quarter net income of $51.6 million.

On a per-share basis, the Austin, Texas-based company said it had net income of 39 cents. Earnings, adjusted for one-time gains and costs, came to 44 cents per share.

The maker of scientific measuring equipment and software posted revenue of $340.4 million in the period.

For the current quarter ending in December, National Instruments expects its per-share earnings to range from 43 cents to 57 cents.

The company said it expects revenue in the range of $345 million to $375 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $362.4 million.

National Instruments shares have fallen almost 10% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $40.94, a decrease of 14% 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