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Nasdaq Profit Rises on Higher Revenue

Nasdaq OMX Group Inc. (NDAQ) said fourth-quarter profit rose 67% on higher revenue. The New York-based exchange operator has sought to diversify its revenue as it, like its rivals, has struggled with a slide in stock trading by individual investors and asset managers over the past several years. Last year it bought bond-trading and investor-relation businesses and is expected to soon launch a marketplace for trading private shares in pre-IPO companies. The diversification helped lift net income to $141 million, or 81 cents, a share, compared with $85 million, or 50 cents a share, a year earlier. The company's adjusted earnings for the period were 69 cents a share. Analysts polled by Thomson Reuters expected per-share earnings of 67 cents on $513 million in net revenue. Nasdaq's net revenue rose 2.5% to $533 million. Operating expenses increased 14% to $282 million, mostly because of its acquisitions, according to the company. Write to Bradley Hope at [email protected] Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Nasdaq Stock Market (NDAQ)
DateTimeHeadline
02/22/201710:00:00Bank of Montreal and Elkhorn Investments, LLC to Ring The Nasdaq...
02/22/201710:00:00Microbot Medical Inc. (Nasdaq: MBOT) to Ring The Nasdaq Stock...
02/21/201710:00:00Imperva, Inc. (Nasdaq: IMPV) to Ring The Nasdaq Stock Market...
02/21/201704:30:17Nasdaq and Borse Dubai Sign Landmark Market Technology Deal
02/21/201704:30:00Nasdaq and Borse Dubai Sign Landmark Market Technology Deal  
02/17/201710:09:45Comtech Telecommunications Corp. (Nasdaq: CMTL) to Ring The Nasdaq...
02/17/201710:09:45Waterstone Financial, Inc. (Nasdaq: WSBF) to Ring The Nasdaq...
02/16/201711:42:06DKMS and Supermodel Coco Rocha to Ring The Nasdaq Stock Market...
02/16/201710:05:09VH1’s “The Breaks” to Ring The Nasdaq Stock Market Opening Bell...
02/16/201708:45:40The Bowery Mission to Ring The Nasdaq Stock Market Closing Bell
02/16/201708:00:33Nasdaq to Power EBS BrokerTec's Market Surveillance Efforts
02/16/201708:00:00Nasdaq to Power EBS BrokerTec’s Market Surveillance Efforts
02/15/201710:00:00The Academy of Nutrition and Dietetics to Ring The Nasdaq Stock...
02/14/201717:05:14Annual Statement of Changes in Beneficial Ownership (5)
02/14/201716:40:34Annual Statement of Changes in Beneficial Ownership (5)
02/14/201710:00:00Bioverativ (Nasdaq: BIVV) to Ring The Nasdaq Stock Market Opening...
02/14/201710:00:00Wilhelmina International, Inc. (Nasdaq: WHLM) to Ring The Nasdaq...
02/13/201716:57:18Amended Statement of Ownership (sc 13g/a)
02/13/201710:00:00Aralez Pharmaceuticals Inc. (Nasdaq: ARLZ) to Ring The Nasdaq...
02/13/201710:00:00iFresh, Inc. (Nasdaq: IFMK) to Ring The Nasdaq Stock Market Opening...

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