AP NEWS

National Instruments: 4Q Earnings Snapshot

January 30, 2020 GMT

AUSTIN, Texas (AP) _ National Instruments Corp. (NATI) on Thursday reported fourth-quarter earnings of $58.6 million.

The Austin, Texas-based company said it had profit of 45 cents per share. Earnings, adjusted for one-time gains and costs, were 56 cents per share.

The maker of scientific measuring equipment and software posted revenue of $367.5 million in the period.

For the year, the company reported profit of $162.2 million, or $1.22 per share. Revenue was reported as $1.35 billion.

For the current quarter ending in April, National Instruments expects its per-share earnings to range from 24 cents to 38 cents.

The company said it expects revenue in the range of $308 million to $338 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $319.2 million.

National Instruments shares have risen slightly more than 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $43.73, a climb of slightly more than 1% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NATI at https://www.zacks.com/ap/NATI