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National Instruments Posts Sharp Drop In 1Q Profit
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NATI
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AUSTIN, Texas (AP) — Scientific and engineering software maker National Instruments Corp. said Tuesday its first-quarter profit dropped 98 percent as revenue declined.
The company earned $358,000, or a breakeven per share, down from a profit of $17.6 million, or 22 cents per share, in the same period a year earlier.
Excluding stock options costs of 3 cents per share and the amortization of intangibles totaling 1 cent per share, adjusted earnings were 4 cents per share in the latest quarter. ...
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