Nasdaq First-Quarter Profit Beats Estimates on Technology
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Nasdaq OMX Group Inc., the second-largest U.S. stock exchange, reported first-quarter profit that exceeded analysts’ estimates as revenue from information services and technology increased.
Earnings excluding some items increased to 64 cents a share in the three months ended March 31 from 61 cents a year ago, the New York-based company said in a statement today. That beat the 62-cent average forecast of analysts surveyed by Bloomberg. The company said it may pay $10 million to resolve a Securities and Exchange Commission investigation into the mishandling of Facebook Inc.’s initial public offering.