Nasdaq Posts 96c Q3 EPS as Exchange Operator Reports Quarterly Results
NDAQ sits 24% above its 52-week low of $76.55.
Summary
Nasdaq reported third-quarter EPS of 96 cents alongside adjusted EPS of $1.04, net income of $540 million, revenue of $2.39 billion and annualized recurring revenue up 12%. The print follows a Q2 that management described as double-digit EPS and revenue growth with a dividend increase and heavy buybacks, so the bar was already high. The stock has been active on deal news — the LeveL Markets acquisition, the Dasseti close, and the $100 million Kraken investment — plus an October 15 network disruption at the Carteret facility that caused data gaps. Those items, not the EPS line alone, are what will drive the reaction once the full release and call details land.
At the time of this announcement, NDAQ was trading at $94.70 on NASDAQ in the Finance sector, with a market capitalization of approximately $53.7B. The 52-week trading range was $76.55 to $101.79. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.