NASDAQ (NDAQ) Tops Q1 EPS by 5c
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Nasdaq Reports First Quarter 2019 Results; Strategic Repositioning and Non-Trading(1) Revenue Growth Continue
April 24, 2019 7:01 AM EDTDuring the first quarter of 2019, the company advanced its strategic pivot by completing the acquisition of Cinnober, continuing the investment into its technology and analytics growth platform, as well as completing the sale of BWise.First quarter 2019 net revenues2 were $634 million, a decrease of 5% compared to the prior year period, primarily due to the impact of the 2018 divestiture. Revenues in the non-trading segments increased 10% year over year.The GAAP operating margin rose to 43% in the first quarter of 2019, up from 41% in the prior year period, while non-GAAP operating margin3 of 49% set a multi-year high,... More
