Nasdaq OMX Group tops 1Q earnings expectations, misses revenue forecasts

MarketsAssociated Press

The Nasdaq OMX Group Inc. (NDAQ) on Thursday reported first-quarter net income of $9 million.

The New York-based company said it had net income of 5 cents per share. Earnings, adjusted for one-time gains and costs, were 80 cents per share.

Continue Reading Below

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.

The exchange operator posted revenue of $507 million in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $512.6 million.

Nasdaq OMX shares have risen almost 2 percent since the beginning of the year, while the Standard & Poor's 500 index has increased slightly more than 2 percent. The stock has climbed 33 percent in the last 12 months.

_____

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

_____

Keywords: Nasdaq OMX Group, Earnings Report