Nasdaq Inc. recently announced a decrease in its net income for the first quarter, falling to $234 million or $0.40 per share. This is a marked drop from the same period last year when the net income stood at $302 million or $0.61 per share.
Taking into account various adjustments, the net income for the quarter was $367 million or $0.63 per share, slightly more than the $339 million or $0.69 per share recorded in the same quarter of the preceding year.
According to a poll of 14 analysts conducted by Thomson Reuters, the predicted earnings for the company for the quarter was $0.65 per share. It's important to note that these predictions usually disregard unusual items.
There was however an increase in net revenues for the quarter, even after deducting transaction-based expenses. It rose 22 percent to $1.12 billion, up from $914 million in the previous year. Viewing from an organic growth perspective, that’s a 6 percent increase. It is worth noting that the revenues surpassed the analysts' expectation of $1.11 billion for the quarter.
