Plus   Neg

Nasdaq Q3 Profit Declines - Quick Facts

Nasdaq Inc. (NDAQ) reported that its net income for the third quarter of 2019 declined to $150 million or $0.90 per share, from $163 million or $0.97 per share, in the third quarter of 2018.

On a non-GAAP basis, net income for the latest-quarter was $212 million or $1.27 per share, compared to $189 million or $1.13 per share in the previous year. Analysts polled by Thomson Reuters expected the company to report earnings of $1.21 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly net revenues rose to $632 million, from last year's $600 million, reflecting a positive $37 million, or 6%, impact from organic growth and a positive $12 million impact from the inclusion of revenues from the acquisitions of Cinnober and Quandl, partially offset by a $10 million negative impact from a divestiture and a $7 million unfavorable impact from changes in foreign exchange rates. Analysts expected revenues of $629.35 million for the quarter.

The company updated its 2019 non-GAAP operating expense guidance to a range of $1.285 billion to $1.295 billion.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration has granted accelerated approval to Tazverik for the treatment of adults and pediatric patients aged 16 years and older with metastatic or locally advanced epithelioid sarcoma not eligible for complete resection. Epithelioid sarcoma is a rare sub-type of soft... STIHL recalls about 16,400 STIHL RE 90 pressure washers due to injury hazard. According to the company, the recalled pressure washer nozzle can disconnect from the spray wand when under pressure during use, posing an injury hazard. STIHL said it received seven reports of the nozzle detaching from... CVS Health Corp. launched 13 new HealthHUB locations in CVS Pharmacy stores across Philadelphia and South New Jersey. The healthcare company said it developed the HealthHUB store format to help people manage chronic conditions more conveniently and affordably. The store also features health and wellness products, clinical services and expertise.
Follow RTT