Nasdaq Inc (NDAQ) reported quarterly earnings results on Wednesday, Jul-27-2016. The company said it had a profit of $0.91 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.88. The company posted revenue of $559.00 million in the period, compared to analysts expectations of $547.55 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.
Many Wall Street Analysts have commented on Nasdaq Inc. Sterne Agee CRT Initiated Nasdaq Inc on May 20, 2016 to “Buy”, Price Target of the shares are set at $76.
Nasdaq Inc opened for trading at $70.82 and hit $71.47 on the upside on Thursday, eventually ending the session at $70.87, with a gain of 0.04% or 0.03 points. The heightened volatility saw the trading volume jump to 8,77,717 shares. Company has a market cap of $11,659 M.
In a different news, on Jul 15, 2016, Thomas A Wittman (Executive Vice President) sold 24,893 shares at $67.08 per share price. According to the SEC, on Jun 15, 2016, Robert Greifeld (CEO) sold 58,511 shares at $65.31 per share price. On Jun 3, 2016, Lars Wedenborn (director) sold 7,677 shares at $65.50 per share price, according to the Form-4 filing with the securities and exchange commission.
Nasdaq Inc (Nasdaq) formerly The NASDAQ OMX Group Inc. is a holding company. The Company is a provider of trading clearing exchange technology regulatory securities listing information and public company services across six continents. The Company manages operates and provides its products and services in four segments: Market Services Listing Services Information Services and Technology Solutions. The Companys Market Services segment includes its equity derivative trading and clearing cash equity trading fixed income currency and commodities trading and clearing and access and broker services businesses. The Company operates a range of listing platforms around the world to provide multiple global capital raising solutions for private and public companies. Its Information Services segment includes its Data Products and its Index Licensing and Services businesses. Its Technology Solutions segment includes its Corporate Solutions and Market Technology businesses.