National Instruments Q1 Profit Slightly Rises - Quick Facts

(RTTNews) - National Instruments (NATI) reported first-quarter net income of $18.72 million or $0.15 per share, compared to $18.60 million or $0.15 per share, a year ago. Non-GAAP net income was $26.12 million or $0.21 per share, for the quarter.

On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.16 for the quarter. Analysts' estimates typically exclude special items. Total net sales decreased to $284.67 million from $286.49 million. Analysts expected revenue of $291.15 million for the quarter. The company currently expects revenue for seccond quarter to be between $296 million and $324 million. Earnings per share is expected to be in the range of $0.13 to $0.25, with non-GAAP earnings per share to be in the range of $0.19 to $0.31. Analysts expect the company to report second-quarter profit per share of $0.20.