Bullish indicating open at $55-$60, IPO prices at $37
Investing.com - National Instruments reported on Thursday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
National Instruments announced earnings per share of $0.53 on revenue of $428.00. Analysts polled by Investing.com EPS of $0.53 on revenue of $425.61M.
National Instruments 's are down 18% and is trading at $36.80 , still down 13.24% from its 52 week high of $45.98 set on Monday, November 22, 2021.
National Instruments shares lost 7.75% to trade at $36.80 in after-hours trade the report.
National Instruments follows other major Information Technology sector earnings this month
National Instruments's report follows an earnings beat by Apple on Thursday, who reported EPS of $1.29 on revenue of $90.1B, EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday with first quarter EPS of $2.35 on revenue of $50.1B, for EPS of $2.32 on revenue of $49.86B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar