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Why National Instruments Stock Is Falling Today

TheMotleyFool

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Why National Instruments Stock Is Falling TodayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.theapi.app/temp/d8a4268f-c982-4aa8-a09e-f9ee1db62f57.png

Shares of National Instruments (NASDAQ: NATI), an instrumentation hardware and software products company, were tumbling today after the company reported its first-quarter results. National Instruments' earnings beat Wall Street's consensus estimate, but revenue was below analysts' expectations.

The tech stock was down by 11% as of 12:36 p.m. ET.

National Instruments' first-quarter non-GAAP (adjusted) earnings per share were $0.41, up from $0.32 in the year-ago quarter, and easily beat analysts' consensus estimate of $0.22 per share.

Source Fool.com

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