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National Instruments Issues Weak 2Q Sales Outlook
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NATI
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AUSTIN, Texas (AP) — National Instruments Corp. said Tuesday its expects its second-quarter revenue to decline by 26 percent to 31 percent from the prior-year period.
The testing software and equipment company is projecting revenue of $145 million to $155 million in the quarter, falling short of the $163.5 million expected by analysts on average, according to a survey by Thomson Reuters.
The company doesn't expect to see the traditional quarter-end surge in large orders in June. ...
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