NASDAQ OMX Group, Inc.’s (NDAQ) Fourth-Quarter Review
By Benzinga Staff
February 09, 2010 9:52 AM
February 09, 2010 9:52 AM
Tags: Barclays Capital, Roger A. Freeman
Analyst Roger A. Freeman at Barclays Capital (ADR) (NYSE: BCS) has released a report reviewing the fourth-quarter results at NASDAQ OMX Group, Inc. (NASDAQ: NDAQ).
The company reported EPS of $0.46 for the fourth-quarter, which came in ahead of Barclays’ recently lowered EPS estimate of $0.44. According to Barclays, the upside was mainly driven by higher market technology, and issuer services leading to better-than-expected revenue, and lower indirect costs.
The company reported revenue of $369 million for the quarter. The company reported operating expenses of $204 million, which came in $1 million below Barclays’ estimate.
Barclays Capital has a 1-Overweight rating for NASDAQ OMX Group, Inc., with a price target of $26.
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