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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
04/24/201517:07:48Nasdaq Composite, S&P 500 Close at New Highs
04/24/201516:05:00Nasdaq Announces Mid-Month Open Short Interest Positions in NASDAQ...
04/24/201515:44:07U.S. Technology Stocks Extend Gains
04/24/201512:16:18U.S. Technology Stocks Extend Gains
04/24/201511:48:39Photo Release -- Nasdaq Welcomes Apigee Corporation (Nasdaq:...
04/24/201510:30:36U.S. Technology Stocks Extend Gains
04/24/201510:20:18Tantech Holdings Ltd. (Nasdaq: TANH) to Ring The Nasdaq Stock...
04/24/201510:14:56Google Inc. (Nasdaq: GOOG) and YouTube, Inc. to Ring The Nasdaq...
04/24/201510:07:00NASDAQ OMX Group Given New $56.00 Price Target at Barclays (NDAQ)
04/24/201509:00:56U.S. Stock Futures Rise, Putting Nasdaq Composite on Track For...
04/24/201506:00:00Apigee Corporation (Nasdaq: APIC) to Ring The Nasdaq Stock Market...
04/24/201504:49:30NASDAQ OMX Group Stock Rating Lowered by Portales Partners (NDAQ)
04/23/201520:07:08Nasdaq Climbs to a Record, Again Fueled by Tech
04/23/201520:03:17Nasdaq Surge Lifts Internet Boosters of the Past
04/23/201517:02:33Nasdaq Composite Closes at Record High
04/23/201515:47:20Nasdaq Composite Rises Above March 2000 Record Close
04/23/201514:00:15Nasdaq Composite Rises Above March 2000 Record Close
04/23/201513:25:31Nasdaq Composite Rises Above March 2000 Record Close
04/23/201513:20:53U.S. Stocks Edge Lower
04/23/201513:11:04Nasdaq's Profit Drops on Expenses--2nd Update

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