UPDATE: Nasdaq Q3 Profit Surges 27%

Nasdaq OMX Group NDAQ reported a 27% rise in its third-quarter profit. Nasdaq's quarterly profit surged to $113 million, or $0.66 per share, from $89 million, or $0.52 per share, in the year-ago period. Its net revenue climbed 23% to $506 million. However, analysts were projecting earnings of $0.62 per share on revenue of $503 million. Nasdaq shares closed at $33.58 yesterday.