National Instruments Corp (NATI) Issues Q4 Earnings Guidance
National Instruments Corp (NATI) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.19-0.29 for the period, compared to the Thomson Reuters consensus estimate of $0.25. The company issued revenue guidance of $270-290 million, compared to the consensus revenue estimate of $278.57 million.
Shares of National Instruments Corp (NATI) traded up 1.23% during mid-day trading on Monday, hitting $24.5177. National Instruments Corp (NATI) has a one year low of $23.13 and a one year high of $28.98. The company has a market cap of $3.011 billion and a P/E ratio of 31.45.
National Instruments Corp last issued its quarterly earnings data on Thursday, October 25th. The company reported $0.26 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.01. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts predict that National Instruments Corp (NATI) will post $0.74 earnings per share for the current fiscal year.
A number of research firms have also recently commented on NATI. Analysts at Sidoti upgraded shares of National Instruments Corp from a neutral rating to a buy rating in a research note to investors on Monday, November 12th.
National Instruments Corporation is a supplier of measurement and automation products that engineers and scientists use in a range of industries.
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