NASDAQ OMX Group announced on Friday its first-quarter profit fell 35 percent. NASDAQ OMX Group Inc trades on the “NASDAQ” under the stock symbol “NDAQ”. For More information regarding “NDAQ” or the Latest Stock Market Information, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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NASDAQ OMX Group Inc. (NASDAQ:NDAQ) announced on Friday its first-quarter profit fell 35 percent because of special charges tied to debt issuance and other one-time costs. Its profit fell short, and its shares fell more than 3 percent.
The Company generated $360 million in revenue, exchange fees, clearance, brokerage, and less liquidity rebates. That is down from the quarter a year prior, which generated $369 million. First quarter results included $40 million in charges tied to debt issuance costs as it refinanced a credit facility. It also took $7 million in charges from asset retirements and other one-time expenses. They also earned $61 million or 28 cents per share, during the first quarter. It made $94 million, or 44 cents per share, during the same quarter last year.
About NASDAQ OMX:
The NASDAQ OMX Group, Inc. provides trading, exchange technology, securities listing, and public company services worldwide. It offers trading across various asset classes, including equities, derivatives, debt, commodities, structured products, and exchange traded funds; capital formation solutions; financial services and exchanges technology; market data products; and financial indexes. The company also provides broker services comprising technology and customized securities administration solutions, such as back-office systems to financial participants. As of December 31, 2009, a total of 2,852 companies listed securities on The NASDAQ Stock Market representing various industries, including telecommunication services and information technology, financial services, healthcare, consumer products, industrials, and energy, as well as funds or governments. The NASDAQ OMX Group supports the operations of approximately 70 exchanges, clearing organizations, and central securities depositories. It was formerly known as The NASDAQ Stock Market, Inc. and changed its name to The NASDAQ OMX Group, Inc. in February 2008. The company was founded in 1971 and is based in New York, New York.
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