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NATI - Why National Instruments Stock Is Falling Today
National Instruments Corporation
Shares of National Instruments (NASDAQ: NATI) , an instrumentation hardware and software products company, were tumbling today after the company reported its first-quarter results. National Instruments' earnings beat Wall Street's consensus estimate, but revenue was below analysts' expectations.
The tech stock was down by 11% as of 12:36 p.m. ET.
National Instruments' first-quarter non-GAAP (adjusted) earnings per share were $0.41, up from $0.32 in the year-ago quarter, and easily beat analysts' consensus estimate of $0.22 per share.