National Instruments Q4 Profit Rises; Issues Q1 Outlook - Quick Facts

(RTTNews) - National Instruments (NATI) Thursday reported fourth-quarter net income of $32 million or $0.25 per share, compared to $21 million or $0.17 per share last year.

On average, five analysts polled by Thomson Reuters expected the company to report profit of $0.25 per share for the quarter. Analysts' estimates typically exclude special items.

Adjusted net income for the quarter dropped to $38.5 million or $0.31 per share from $35.2 million or $0.29 per share last year.

Total net sales for the quarter rose to $300.81 million from $300.33 million last year. Analysts estimated revenues of $309.53 million for the quarter.

Looking forward to the first quarter, the company expects earnings of $0.09 to $0.21 per share, adjusted earnings of $0.15 to $0.27 per share and revenues of $272 million to $302 million.

Analysts currently estimate earnings of $0.21 per share on revenues of $298.50 million for the quarter.