National Instruments Earnings: Here’s Why Shares are Down Now

National Instruments Corporation (NASDAQ:NATI) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.02%.

National Instruments Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 18.18% to $0.18 in the quarter versus EPS of $0.22 in the year-earlier quarter.

Revenue: Rose 1.28% to $296 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: National Instruments Corporation reported adjusted EPS income of $0.18 per share. By that measure, the company missed the mean analyst estimate of $0.19. It missed the average revenue estimate of $308.71 million.

Quoting Management: “Although the test and measurement industry had a challenging quarter, we were able to grow revenue while executing disciplined cost management,” said Dr. James Truchard, co-founder, president and CEO. “Thanks to the efforts of our employees, we have seen accelerated growth in customer leads and opportunities for our strategic product platforms oriented around LabVIEW despite the fact that customer budgets are tight.”

Key Stats (on next page)…

Revenue increased 3.32% from $286.49 million in the previous quarter. EPS increased 20% from $0.15 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.23 to a profit $0.17. For the current year, the average estimate has moved down from a profit of $0.88 to a profit of $0.83 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)