NASDAQ (NDAQ) Tops Q2 EPS by 6c, Beats on Revenues; Reduces FY17 OpEx Guidance
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Price: $60.29 -1.97%
EPS Growth %: -8.7%
Financial Fact:
General, administrative and other: 17M
Today's EPS Names:
FRSB, DGICA, UXIN, More
EPS Growth %: -8.7%
Financial Fact:
General, administrative and other: 17M
Today's EPS Names:
FRSB, DGICA, UXIN, More
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NASDAQ (NASDAQ: NDAQ) reported Q2 EPS of $1.02, $0.06 better than the analyst estimate of $0.96. Revenue for the quarter came in at $602 million versus the consensus estimate of $597.14 million.
- Net revenues1 were a record $602 million in the second quarter of 2017, an increase of 8% compared to the second quarter of 2016. Subscription and recurring revenues2 increased 5% compared to prior year period and represented 75% of total net revenues in the second quarter of 2017.
- Second quarter 2017 GAAP diluted EPS was $0.87, while non-GAAP diluted EPS was $1.02.3 Compared to the second quarter of 2016, GAAP diluted EPS increased $0.45, or 107%, while non-GAAP diluted EPS increased $0.11, or 12%.
- GAAP operating margin increased to 41% in the second quarter of 2017, up from 31% in the second quarter of 2016 while non-GAAP operating margin rose to 48% in the second quarter of 2017, up from 46% in the second quarter of 2016.
- As of June 30, 2017, the company achieved $60 million in annualized run-rate cost synergies. The company has also identified $10-$20 million in additional synergies to be realized upon completion of various platform migrations.
- The company is lowering its 2017 non-GAAP operating expense guidance to $1,260-$1,290 million
For earnings history and earnings-related data on NASDAQ (NDAQ) click here.
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