NASDAQ (NDAQ) Tops Q2 EPS by 10c

NASDAQ (NASDAQ: NDAQ) reported Q2 EPS of $1.54, $0.10 better than the analyst estimate of $1.44. Revenue for the quarter came in at $699 million versus the consensus estimate of $681.97 million.

UPDATING 2020 NON-GAAP EXPENSE AND TAX GUIDANCE:

The company is narrowing its 2020 non-GAAP operating expense guidance to the range of $1,330 to $1,360 million, with its unchanged midpoint reflecting the depressed levels of corporate travel, lower event spending and delays in hiring, partially offset by unfavorable changes in foreign exchange rates. Nasdaq continues to expect its 2020 non-GAAP tax rate to be in the range of 25.5% to 27.5%.

For earnings history and earnings-related data on NASDAQ (NDAQ) click here.

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