NASDAQ (NDAQ) Tops Q3 EPS by 4c, Beats on Revenues
NASDAQ (NASDAQ: NDAQ) reported Q3 EPS of $1.06, $0.04 better than the analyst estimate of $1.02. Revenue for the quarter came in at $607 million versus the consensus estimate of $599.67 million.
- Net revenues1 were a record $607 million in the third quarter of 2017, an increase of 4% compared to the third quarter of 2016. Subscription and recurring revenues, which includes revenues from our Corporate Services, Information Services and Market Technology segments, as well as our Trade Management Services business, increased 5% compared to prior year period and represented 76% of total net revenues in the third quarter of 2017.
- GAAP operating margin increased to 43% in the third quarter of 2017, up from 40% in the third quarter of 2016 while non-GAAP operating margin2 rose to 48% in the third quarter of 2017, up from 46% in the third quarter of 2016.
- Third quarter 2017 GAAP diluted EPS was $1.01, while non-GAAP diluted EPS was $1.06, both including a positive $0.04 per share impact from changes in share-based tax accounting.3 Compared to the third quarter of 2016, GAAP diluted EPS increased $0.24, or 31%, while non-GAAP diluted EPS increased $0.15, or 16%.
- Through the first nine months of 2017, the company has returned $355 million to shareholders, which includes $180 million in dividends and $175 million in share repurchases.
For earnings history and earnings-related data on NASDAQ (NDAQ) click here.
