UPDATE: Nasdaq Posts Upbeat Q2 Earnings

Loading...
Loading...
The Nasdaq OMX Group
NDAQ
reported a 15% gain in its second-quarter profit. The New York-based company reported a quarterly profit of $101 million, or $0.59 per share, versus a year-ago profit of $88 million, or $0.52 per share. Excluding items, its adjusted earnings climbed to $0.70 per share, from $0.62 per share. Its revenue increased 16% to $523 million. However, analysts were expecting earnings of $0.68 per share on revenue of $517 million. Nasdaq's market services unit revenue rose 6.3% to $202 million, while information services revenue climbed 15% to $123 million. Its technology solutions revenue jumped 44% to $138 million, while listing services revenue rose to $60 million. Bob Greifeld, CEO, NASDAQ OMX said, "Once again, our diverse businesses generated solid organic growth in revenues despite a continued low volatility trading environment." For the full year, Nasdaq lowered its expense forecast to $1.22 billion to $1.25 billion, versus its earlier range of $1.25 billion to $1.285 billion. The company also bought back $93 million in shares in the quarter. Nasdaq OMX shares fell 0.72% to close at $41.15 yesterday.
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsGuidanceprofit
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...