Nasdaq OMX Group posts 2Q profit, results top Wall Street forecasts

MarketsAssociated Press

The Nasdaq OMX Group Inc. (NDAQ) on Thursday reported second-quarter profit of $133 million.

On a per-share basis, the New York-based company said it had net income of 77 cents. Earnings, adjusted for one-time gains and costs, were 83 cents per share.

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The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share.

The exchange operator posted revenue of $518 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $512.5 million.

Nasdaq OMX shares have risen roughly 8 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed nearly 3 percent. The stock has risen 37 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NDAQ at http://www.zacks.com/ap/NDAQ

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Keywords: Nasdaq OMX Group, Earnings Report