Investing.com - National Instruments (NASDAQ:NATI) 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 anticipated EPS of $0.53 on revenue of $425.61M.
National Instruments shares are down 18% from the beginning of the year, still down 13.24% from its 52 week high of $45.98 set on November 22, 2021.
National Instruments shares lost 7.75% in after-hours trade following 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, compared to forecasts 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, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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