National Instruments Q2 Profit Down

(RTTNews) - National Instruments (NATI) Tuesday reported second-quarter net income of $28.7 million or $0.22 per share, down from $31.1 million or $0.23 per share last year.

Second-quarter revenues dropped 2 percent to $334.2 million from $341.0 million last year.

"I am pleased with our execution this quarter despite external disruptions in our industry. Revenue came in at 98 percent of the midpoint of our guidance and we delivered an all-time record non-GAAP net income for a second quarter," said CEO Alex Davern.

The company currently expects third-quarter revenues of $325 million to $355 million and adjusted earnings of $0.36 to $0.50 per share.