Nat'l Instruments 2Q profit outlook in range of expectations

AUSTIN, Texas—Analysis software company National Instruments Corp. said Tuesday it forecasts second-quarter profit in range of Wall Street expectations.

The company expects net income in the range of 24 cents per share to 33 cents per share, compared with 31 cents per share last year.

Excluding one-time costs and gains, the company anticipates profit in the range of 30 cents per share to 39 cents per share.

It also forecast sales to grow between 10 percent and 17 percent year-over-year to a range between $198 million and $210 million.

Analysts polled by Thomson Financial expect profit of 31 cents per share on sales of $200.7 million. Analysts typically exclude one-time cost and gains.

National makes software that allows users to observe and control electronic signals and other measurement, such as voltage and pressure.