National Instruments Q2 Adj EPS $0.51 Misses $0.58 Estimate, Sales $416.80M Miss $433.18M Estimate
Portfolio Pulse from totan@benzinga.com
National Instruments (NASDAQ:NATI) reported Q2 earnings of $0.51 per share, missing the analyst consensus estimate of $0.58 by 12.07%. The company also reported quarterly sales of $416.80 million, missing the analyst consensus estimate of $433.18 million by 3.78%. Despite the miss, both earnings and sales increased compared to the same period last year.
July 27, 2023 | 8:04 pm
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National Instruments missed Q2 earnings and sales estimates. However, both metrics showed YoY growth.
National Instruments' Q2 earnings and sales fell short of analyst estimates, which could negatively impact the stock price in the short term. However, the YoY growth in both earnings and sales might mitigate this negative impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100