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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 bradley.hope@wsj.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Nasdaq Stock Market (NDAQ)
DateTimeHeadline
05/27/201612:49:59Nasdaq President & COO Adena Friedman to Present at 2016 Deutsche...
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05/23/201610:00:00Artesian Resources Corporation (Nasdaq: ARTNA) to Ring The Nasdaq...
05/23/201610:00:00Home BancShares, Inc. (Nasdaq: HOMB) to Ring The Nasdaq Stock...
05/20/201613:36:40Paramount Pictures and Nickelodeon Movies Present "Teenage Mutant...
05/20/201612:09:42USO to Ring The Nasdaq Stock Market Opening Bell

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