NEW YORK – The Nasdaq OMX Group Inc. (NDAQ) on Thursday reported earnings that increased by 15 percent in its second quarter, and topped analysts' expectations.
The New York-based company said profit increased to $101 million, or 59 cents per share, from $88 million, or 52 cents per share, in the same quarter a year earlier.
Earnings, adjusted for one-time gains and costs, were 70 cents per share. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.
The exchange operator said revenue climbed 16 percent to $523 million from $451 million in the same quarter a year ago, and beat Wall Street forecasts. Analysts expected $519.1 million, according to Zacks.
Nasdaq OMX Group shares have increased $1.35, or 3.4 percent, to $41.15 since the beginning of the year, while the Standard & Poor's 500 index has increased 7.5 percent. The stock has climbed $8.34, or 25 percent, in the last 12 months.
This story was generated automatically by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Full NDAQ report: http://www.zacks.com/ap/NDAQ
Keywords:Nasdaq OMX,Earnings Report