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Nasdaq: 2Q Earnings Snapshot

July 24, 2019

NEW YORK (AP) _ Nasdaq Inc. (NDAQ) on Wednesday reported second-quarter net income of $174 million.

The New York-based company said it had net income of $1.04 per share. Earnings, adjusted for one-time gains and costs, were $1.22 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.

The exchange operator posted revenue of $1.06 billion in the period. Its adjusted revenue was $623 million, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $632.3 million.

Nasdaq shares have increased 24% since the beginning of the year, while the Standard & Poor’s 500 index has risen 20%. The stock has risen nearly 6% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NDAQ at https://www.zacks.com/ap/NDAQ

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