Nasdaq Inc. (NDAQ) has reported a significant increase in its fourth-quarter earnings compared to the previous year, surpassing Wall Street's expectations.
The company posted a net income of $355 million, or $0.61 per share, an improvement from last year's $197 million, or $0.36 per share.
When adjusting for certain items, Nasdaq Inc. achieved an adjusted earnings figure of $438 million, or $0.76 per share, for the quarter. This result slightly exceeded the average analyst forecast of $0.75 per share, given that analysts typically exclude special items from their estimates.
Furthermore, the company's revenue experienced a substantial growth of 23.1%, reaching $2.029 billion, up from $1.648 billion in the previous year.
Here's a summary of Nasdaq Inc.'s earnings in accordance with GAAP:
- **Earnings:** $355 million, compared to $197 million in the previous year.
- **Earnings Per Share (EPS):** $0.61, up from $0.36 the previous year.
- **Revenue:** $2.029 billion, an increase from $1.648 billion last year.
