Nasdaq Q2 Results Top Estimates
(RTTNews) - Nasdaq Inc. (NDAQ) reported Thursday that net income attributable to Nasdaq for the second quarter declined to $222 million or $0.38 per share from $267 million or $0.54 per share in the prior-year quarter.
Excluding items, adjusted net income for the quarter was $397 million or $0.69 per share, compared to $350 million or $0.71 per share in the year-ago quarter.
On average, 13 analysts polled by Thomson Reuters expected the company to report earnings of $0.64 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues, less transaction-based expenses, for the quarter increased 25 percent to $1.16 billion from last year's $925 million. It grew 7 percent organically. Analysts expected revenues of $1.13 billion for the quarter.
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