Nasdaq: 2Q Earnings Snapshot
Posted July 22, 2020 7:15 am.
Last Updated July 22, 2020 7:24 am.
This article is more than 5 years old.
NEW YORK (AP) _ Nasdaq Inc. (NDAQ) on Wednesday reported second-quarter profit of $241 million.
The New York-based company said it had profit of $1.45 per share. Earnings, adjusted for one-time gains and costs, were $1.54 per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.45 per share.
The exchange operator posted revenue of $1.4 billion in the period. Its adjusted revenue was $699 million, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $686.8 million.
Nasdaq shares have increased 22% since the beginning of the year, while the Standard & Poor’s 500 index has risen almost 1%. The stock has increased 29% 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 https://www.zacks.com/ap/NDAQ
The Associated Press
