NATI - Why National Instruments Stock Fell Today
Shares of National Instruments (NASDAQ: NATI) fell about 10% on Friday after the testing and automated measurement systems reported underwhelming first-quarter results. The company remains optimistic about its future, but with the broader market selling off during the session, investors were not in a forgiving mood.
National Instruments reported quarterly earnings per share of $0.32, a penny ahead of estimates, on revenue that came in about $7 million shy of expectations at $335.2 million. The company also said it expects second-quarter earnings of between $0.21 and $0.35 per share on revenue of between $305 million and $335 million, also short of consensus expectations for $0.37 per share in earnings on revenue of $350 million.
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Why National Instruments Stock Fell Today