Nasdaq Inc. recently disclosed its fourth-quarter earnings which, despite declining from the previous year, managed to surpass market predictions.
The company's net income amounted to $ 197 million or $ 0.36 per share, a decline from $ 241 million or $ 0.48 per share observed in last year's fourth quarter.
When one-off items are excluded, the adjusted earnings reported by Nasdaq Inc. were $395 million or $0.72 per share for the period under review.
Prior to these results, market analysts, on average, had predicted that the company would earn $0.70 per share, as per figures compiled by Thomson Reuters. These predictions usually exclude uncommon items.
For the quarter, the company's revenue saw an increase of 4.4% from $1.58 billion last year to $1.65 billion.
To give a summary perspective on Nasdaq Inc.'s earnings based on Generally Accepted Accounting Principles (GAAP):
The earnings for the fourth quarter were $197 million, down from $241 million the previous year. The earnings per share (EPS) for Q4 stood at $0.36, a downturn from the $0.48 of last year. Market analyst estimates were set at $0.70. The revenue for the fourth quarter was $1.65 billion, showing an improvement from last year's $1.58 billion.
