National Instruments (NATI) Prelim. Q1 Results Miss Expectations
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National Instruments Reports Preliminary Revenue Estimate of $288 Million for Q1 2016
April 4, 2016 4:02 PM EDTWeakness Seen in Industrial Economy and Wireless Supply Chain
AUSTIN, Texas--(BUSINESS WIRE)-- National Instruments (Nasdaq: NATI) today announced that its preliminary estimate for revenue in the first quarter of 2016 is $288 million, essentially flat year-over-year in U.S. dollar terms with core revenue up approximately 4 percent year-over-year. This preliminary GAAP revenue estimate is $2 million below the low end of the guidance the company provided on January 28, 2016. The companys definition of core revenue is GAAP revenue excluding the impact of NIs largest customer and the impact of foreign... More
