News Column

Nasdaq's recent shopping spree helps it to drive earnings higher

February 6, 2014

CITY A.M. REPORTER

EXCHANGE operator Nasdaq OMX Group yesterday reported a higher fourth-quarter profit, helped by increased revenue from recent acquisitions. Net income attributable to Nasdaq totalled $141m (86.7m), or 81 cents per share, up from $85m , or 50 cents per share, a year earlier. Not including one-time items, the New York -based company earned 69 cents per share. Nasdaq last year closed a $390m deal to buy Thomson Reuters' investor relations, public relations and multimedia services businesses. It also financed a $750m deal to buy eSpeed, the electronic Treasuriestrading platform, from BGC Partners . Market services revenues, which include derivatives, cash equities, fixed income and access and broker services, rose nine per cent to $204m .


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Source: City A.M. (UK)


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