Stock market operator Nasdaq OMX Group Inc. (NDAQ) reported a fall in first-quarter net income attributable to the company to $42 million, or $0.25 per share, from $85 million, or $0.48 a year before.
Excluding $62 million of expenses accrued for the one-time voluntary accommodation program, non-GAAP earnings per share stood at $0.64 during the latest period. On average, 14 analysts polled by Thomson Reuters expected earnings per share of $0.62 for the quarter. Analysts' estimates typically exclude one-time items. Non-GAAP earnings per share in the first quarter of 2013 further exclude $10 million of non-cash asset impairment charges, $9 million of restructuring charges, $8 million of merger and strategic initiatives expenses, and $2 million of special legal expenses.
Quarterly net exchange revenues were $418 million, up from $414 million in the prior-year period, helped by increases in its Global Technology Solutions and Global Information Services segments, partially offset by lower U.S. cash equity trading revenues. Analysts estimated revenues of $418.41 million for the quarter. On an organic basis (constant currency and excluding acquisitions) first-quarter net exchange revenues were down 2% year-on-year.
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