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Nasdaq Reports Flat Earnings for Q3


Nasdaq, the exchange operator, announced its earnings for the third quarter, revealing a flat profit of $294 million compared to the same period last year. However, Nasdaq’s operating revenue exceeded expectations, showing a steeper increase than anticipated.

Earnings and Revenue

  • Net earnings remained unchanged from Q3 of the previous year at $294 million.
  • Adjusted earnings, excluding one-time items, reached 71 cents per share, surpassing analyst expectations of 69 cents per share.
  • Total revenue for the quarter decreased to $1.45 billion from $1.56 billion in the year-ago quarter.
  • Quarterly revenue, excluding transaction-based expenses, rose to $940 million, exceeding analyst projections of $931.1 million.

Business Segments

  • Nasdaq’s solutions businesses experienced a revenue growth of 9% to reach $694 million for the quarter.
  • Trading services revenue saw a slight decline of 1% and reached $236 million.

Operating Expenses

Operating expenses increased by 3% to $509 million, primarily driven by higher investments in employees, computer operations, data costs, and overhead expenses.

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