© Reuters.
Nasdaq Inc. reported its third-quarter financial results on Wednesday, revealing a flat profit of $294 million, identical to the same quarter last year. Despite this, earnings per share (EPS) saw a slight uptick to 60 cents, while adjusted earnings reached 71 cents per share, surpassing the 69 cents forecast by analysts.
The company’s total revenue dipped to $1.45 billion from $1.56 billion in the same quarter of the previous year. However, when transaction expenses were excluded, revenue climbed to $940 million from last year’s $890 million, exceeding analysts’ projections of $931.1 million.
A significant driver of this increased revenue was Nasdaq’s solutions businesses, which experienced a 9% surge in revenue to $694 million. Conversely, trading services revenue saw a minor 1% decrease, landing at $236 million.
The company also reported a 3% rise in operating expenses, which it attributed to increased employee investments and other overheads.
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