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Nasdaq OMX Shares Off; Profit Drops 22%
Shares of Nasdaq OMX(NDAQ Quote) slipped as much as 9% Thursday after the company reported a sharp drop in first-quarter earnings, as the operator of exchanges suffered from lost market share to competitors.
Nasdaq said it earned $94 million, or 44 cents a share, down from $121 million, or 69 cents a share, during the same quarter a year ago.
Excluding one-time items, operating earnings came in at $102 million, or 48 cents a share, a penny above analysts' estimates. That compares with the company's pro-forma earnings in the year-ago period of $93 million, or 44 cents a share. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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