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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
05/29/201509:10:16U.S. Stock Futures Edge Lower
05/28/201516:17:11Statement of Changes in Beneficial Ownership (4)
05/28/201509:00:14U.S. Stock Futures Retreat
05/28/201509:00:00Nasdaq Lists The Global X YieldCo Index ETF
05/27/201516:35:54Statement of Changes in Beneficial Ownership (4)
05/27/201509:00:03U.S. Stock Futures Edge Higher
05/27/201509:00:00Nasdaq Lists The Elkhorn S&P 500 Capital Expenditures ETF
05/27/201509:00:00Nasdaq Lists The Elkhorn S&P 500 Capital Expenditures ETF
05/26/201522:00:00Tobira Therapeutics, Inc. (Nasdaq: TBRA) to Ring The Nasdaq Stock...
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05/22/201510:00:00Immune Pharmaceuticals Inc. (Nasdaq: IMNP) to Ring The Nasdaq...
05/22/201510:00:00Diodes Incorporated (Nasdaq: DIOD) to Ring The Nasdaq Stock Market...
05/21/201515:33:41New York Society of Security Analysts to Ring The Nasdaq Stock...
05/21/201515:21:51Granges AB [GRNG] to Ring The Nasdaq Stock Market Opening Bell
05/21/201510:59:07Photo Release -- Nasdaq Welcomes Baozun Inc. (Nasdaq: BZUN) to...
05/21/201510:00:04Focus Media to List in China Through Reverse Merger
05/21/201506:00:00Baozun Inc. (Nasdaq: BZUN) to Ring The Nasdaq Stock Market Opening...
05/20/201516:05:00Delisting of Securities of Life Partners Holdings Inc., SIGA...
05/20/201512:15:10What Is the S&P 500 Index?
05/20/201510:00:00SEB to Ring the Nasdaq Stock Market Closing Bell

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