National Instruments 4Q net income rises |
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Tue, 30 Jan 2007 23:56
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AUSTIN, Texas (AFX) - Instrumentation hardware and graphical software maker National Instruments Corp. on Tuesday said fourth-quarter net income grew 17 percent, helped by sales of its virtual instrument products.Quarterly profit totaled $24.4 million, or 30 cents per share, versus $21 million, or 26 cents per share, during the same period a year before. On an adjusted basis, income rose to $28 million, or 34 cents per share, from $22.7 million, or 28 cents per share.Revenue grew 14 percent, to $181.5 million from $159.7 million.Analysts polled by Thomson Financial expected net income of 29 cents per share on revenue of $181.7 million.The company said instrument control product revenue fell 5 percent during the quarter, reflecting a slowdown in traditional test and semiconductor capital equipment markets. Revenue from virtual instrument products grew 16 percent.For the year, net income grew 18 percent to $72.7 million, or 89 cents per share, from $61.5 million, or 76 cents per share last year.Revenue grew 16 percent to $660.4 million from $571.8 million.Shares rose 18 cents to close at $27.71 on the Nasdaq.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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