NASDAQ (NDAQ) Tops Q2 EPS by 10c
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Nasdaq Reports Second Quarter 2020 Results, Resilient Business Adapting to Deliver Continued Growth
July 22, 2020 7:00 AM EDTSecond quarter 2020 net revenues1 were $699 million, an increase of 12% over the second quarter of 2019. Compared to the prior year period, revenues in the non-trading segments2 increased 7%, primarily due to organic growth, while Market Services revenues rose 22%, driven by record trading volumes in U.S. equities and options.The GAAP operating margin was 45% in the second quarter of 2020, up from 41% in the prior year period, while the non-GAAP operating margin3 of 53% increased from 48% in the prior year period.Second quarter 2020 GAAP diluted earnings per share, or EPS, was $1.45, up 39% from $1.04 in the second quarter of 2019. Second... More
