Nasdaq's second-quarter profit more than doubles

Bs_logoImage
Reuters
Last Updated : Jul 26 2017 | 5:07 PM IST

REUTERS - Exchange operator Nasdaq Inc's second-quarter profit more than doubled, helped by a jump in revenue in its market services business that oversees transactions, clearing and settlement services.

Nasdaq's net income rose to $147 million, or 87 cents per share in the second quarter ended June 30, from $70 million, or 42 cents per share, a year earlier.

Revenue, net of transaction-based expenses, rose 7.7 percent to $602 million, Nasdaq said on Wednesday.

(Reporting by Diptendu Lahiri in Bengaluru; Editing by Sai Sachin Ravikumar)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 26 2017 | 4:54 PM IST