National Instruments Corporation (NASDAQ:NATI) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
National Instruments Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 40% to $0.21 in the quarter versus EPS of $0.15 in the year-earlier quarter.
Revenue: Rose 9.71% to $286.48 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: National Instruments Corporation reported adjusted EPS income of $0.21 per share. By that measure, the company beat the mean analyst estimate of $0.18. It missed the average revenue estimate of $287.79 million.
Quoting Management: “We are disappointed we overspent in the first quarter, and are taking corrective actions to adjust our spending,” said Dr. James Truchard, co-founder, president and CEO. “We are focusing our efforts on activities that have proven successful in growing our large order business.”
Key Stats (on next page)…