NASDAQ OMX Group (NDAQ) Tops Q1 EPS by 2c

NASDAQ OMX Group (NASDAQ: NDAQ) reported Q1 EPS of $0.91, $0.02 better than the analyst estimate of $0.89. Revenue for the quarter came in at $534 million versus the consensus estimate of $535.92 million.

“Our relentless focus on applied technology, innovation, and resiliency continues to strengthen our competitive position, deliver value to our clients, and produce record results for shareholders,” saidBob Greifeld, CEO, Nasdaq. “In addition, we expect our recently announced acquisitions, which are strategically aligned with our vision and business direction, to significantly enhance the effectiveness of our value proposition to serve our corporate and capital markets clients, while creating significant value for our shareholders.”

Mr. Greifeld continued, “We remained encouraged by the progress within key new growth initiatives, including our IR Insight platform, where we have migrated 1,200 users in the first three months since launch, in serving the private market through The NASDAQ Private Market, LLC, which served 122 companies in the first quarter of 2016, more than twice the number of the prior year period, and our U.S. commodities platform which saw open interest grow to over 800 thousand contracts last week. These initiatives are a key demonstration of Nasdaq investing in our future.”

Nasdaq’s Board of Directors authorized an additional $370 million in share repurchases, bringing the total remaining value authorized to $500 million.

For earnings history and earnings-related data on NASDAQ OMX Group (NDAQ) click here.

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