Nasdaq OMX Group tops 4Q earnings expectations, misses revenue forecasts

MarketsAssociated Press

The Nasdaq OMX Group Inc. (NDAQ) on Thursday reported fourth-quarter net income of $87 million.

On a per-share basis, the New York-based company said it had profit of 50 cents. Earnings, adjusted for one-time gains and costs, came to 75 cents per share.

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The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.

The exchange operator posted revenue of $517 million in the period, falling short of Street forecasts. Analysts expected $522.5 million, according to Zacks.

Nasdaq OMX shares have fallen 6 percent since the beginning of the year, while the Standard & Poor's 500 index has fallen nearly 3 percent. The stock has climbed 20 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