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National Instruments: Q3 Earnings Snapshot

National Instruments: Q3 Earnings Snapshot

National Instruments: Q3 Earnings Snapshot

By AP News
Published - Oct 27, 2022, 04:25 PM ET
Last Updated - Jun 24, 2023, 12:07 AM EDT

AUSTIN, Texas (AP) _ National Instruments Corp. (NATI) on Thursday reported third-quarter profit of $61.9 million.

On a per-share basis, the Austin, Texas-based company said it had net income of 47 cents. Earnings, adjusted for one-time gains and costs, were 53 cents per share.

The maker of scientific measuring equipment and software posted revenue of $427.9 million in the period.

For the current quarter ending in December, National Instruments expects its per-share earnings to range from 54 cents to 68 cents.

The company said it expects revenue in the range of $435 million to $465 million for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $479.6 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a NATI">Zacks stock report on NATI at https://www.zacks.com/ap/NATI

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