NEW YORK (AP) -- Nasdaq OMX Group said Thursday that its quarterly profit surged in its first combined reporting period that included Sweden's OMX stock exchange.The exchange operator said Thursday that first-quarter earnings rose to $121.4 million, or 69 cents per share, from $18.3 million, or 14 cents a share, a year earlier.
Profits excluding one-time costs and benefits as well as buyout expenses for OMX AB rose to $85 million, or 48 cents a share. Had the companies been combined before their Feb. 27 tie-up, Nasdaq said it would have earned 54 cents a share, compared with 33 cents a share a year earlier.
Wall Street expected the company would earn 49 cents a share, according to analysts polled by Thomson Financial. Analyst predictions typically exclude one-time expenses and gains.
Read More
