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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
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11/28/201614:09:54Nasdaq Halts Globus Maritime Limited
11/28/201610:00:28Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq...
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11/28/201610:00:00OraSure Technologies, Inc. (Nasdaq: OSUR) to Ring The Nasdaq...
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11/25/201613:40:00Nasdaq's Alternative to Speed Bumps
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11/25/201610:00:00Blue Nile, Inc. (Nasdaq: NILE) to Ring The Nasdaq Stock Market...

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