Nasdaq Inc. I:IXIC was falling in trading Wednesday after the stock exchange operator reported mixed second-quarter results.
The company reported adjusted earnings of $1.22 per share on revenue of $623 million. Analysts were expecting the company to report earnings of $1.20 on revenue of $629 million.
"Our solid second quarter 2019 results serve as an encouraging data point as we execute against our strategy to maximize the ways we deliver to our customers both in our marketplace core, as well as through our expanding technology and analytics offering," said CEO Adena Friedman.
"In particular, in the second quarter our foundational U.S. and Nordic equity marketplaces each delivered market share approaching multi-year highs, while 80% of U.S. issuers executing IPOs in the first half of 2019 selected Nasdaq as their listing venue," Friedman said.
Separately, the company declared a quarterly dividend of 47 cents per share, payable Sept. 27, to shareholders of record on Sept. 13.
The stock was down 2.72% in trading to $98.12.