National Instruments Corp. (NATI: Quote) reported that its first-quarter net income was $18.60 million compared to $18.64 million in the same quarter last year. On a per share basis, profit remained flat at $0.15 for both the comparable periods.
Non-GAAP net income was $25.60 million or $0.21 per share for the current quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.18 per share for the quarter. Analysts' estimates typically exclude special items.
Total net sales for the quarter rose to $265.41 million from $239.33 million in the prior year quarter. Four analysts had consensus revenue estimate of $287.79 million for the quarter.
For the second-quarter, the company expects revenue to be between $290 million and $320 million. The company expects earnings per share to be in the range of $0.09 to $0.21, and non-GAAP earnings per share of $0.16 to $0.28. Analysts expect the company to report earnings of $0.22 per share on revenues of $301.00 million for the second-quarter.
by RTT Staff Writer
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