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National Instruments: 3Q Earnings Snapshot

AUSTIN, Texas (AP) _ National Instruments Corp. (NATI) on Thursday reported third-quarter earnings of $43.2 million.

On a per-share basis, the Austin, Texas-based company said it had net income of 32 cents. Earnings, adjusted for one-time gains and costs, came to 45 cents per share.

The maker of scientific measuring equipment and software posted revenue of $346.1 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $342.7 million.

For the current quarter ending in December, National Instruments expects its per-share earnings to range from 46 cents to 60 cents.

The company said it expects revenue in the range of $360 million to $390 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $372.6 million.

National Instruments shares have climbed 3 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $42.89, a fall of 3 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