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The net profit of Nasdaq for the I quarter increased by 5%

UNITED STATES (OBSERVATORY) –┬áThe net profit of the Nasdaq group, which owns the Nasdaq stock exchange, in the first quarter of 2018 grew by 5.4% in annual terms and amounted to $ 177 million, according to the group.

Net diluted earnings per share were $ 1.05 compared to $ 0.99 a year earlier. Experts expected the figure at the level of $ 1.2 per share. The Group’s revenue, net of transaction costs, was $ 666 million, up 14.6% from January-March 2017.

“We achieved strong results in the first quarter of 2018 due to a combination of good organic revenue growth, as well as maximizing the benefits of a larger volume of the sector with a strong market position,” the words of President and head of Nasdaq Adena Friedman.

The company Nasdaq OMX Group was founded in 1971. The headquarters is in New York. The company owns the Nasdaq exchange, as well as 8 European exchanges in the Baltic region, including the Stockholm, Riga, Tallinn and Vilnius stock exchanges.