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
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