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National Instruments Earnings Soar
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NATI
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National Instruments (NATI Quote) rose 4.5% early Tuesday after it said third-quarter earnings rose 30%.
The Austin, Texas-based company earned $18.6 million, or 23 cents a share, in the quarter, compared with $14.4 million, or 18 cents a share, a year ago. After adjustments for stock-based compensation and amortization, the company reported earnings of 27 cents a share. Analysts polled by Thomson First Call were expecting earnings of 21 cents a share in the most recent quarter.
Third-quarter revenue rose 16% to $164 million as against analysts' estimate of $161.9 million. ...
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