Nasdaq reports rise in first quarter earnings

Nasdaq reports rise in first quarter earnings

Nasdaq Inc on Wednesday reported a rise in first quarter profits on Wednesday as a pickup in the exchange operator's non-transactional businesses, including market technology, helped offset a softer trading environment.

FILE PHOTO: A view of the exterior of the Nasdaq market site in Times Square, New York City
FILE PHOTO: A view of the exterior of the Nasdaq market site in Times Square New York City, NY, U.S. April 25, 2017. REUTERS/Shannon Stapleton/File Photo

NEW YORK: Nasdaq Inc on Wednesday reported a rise in first quarter profits on Wednesday as a pickup in the exchange operator's non-transactional businesses, including market technology, helped offset a softer trading environment.

The company's net income rose to US$247 million, or US$1.48 per diluted share, in the quarter ended March 31, from US$177 million, or US$1.05 per diluted share, a year earlier.

(Reporting by John McCrank)

Source: Reuters

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