AP News

Recent Nasdaq OMX acquisitions add to 4Q profit


NEW YORK (AP) — Nasdaq OMX Group said Wednesday that acquisitions over the last year helped boost its net income 66 percent in the fourth quarter.

Nasdaq OMX owns and operates the Nasdaq Stock Exchange and about 30 other markets and clearinghouses around the world. In 2013 the company bought Thomson Reuters' investor relations, public relations and multimedia businesses, and it bought eSpeed, an electronic service for trading U.S. Treasury notes and bonds.

The company said its net income climbed to $141 million, or 81 cents per share, from $85 million, or 50 cents per share.

Excluding one-time charges and gains in both periods, profit grew to 69 cents per share from 64 cents per share. Analysts expected net income of 67 cents per share, according to FactSet.

Revenue minus transaction rebates and brokerage, clearance and exchange fees rose 23 percent, to $520 million from $422 million, besting Wall Street's prediction of $516.4 million.

The company said its technology service revenue nearly doubled to $149 million after the Thomson Reuters deal. Information service revenue rose 10 percent to $109 million, partly because of the acquisition of eSpeed. The company's market service revenue grew 9 percent to $204 million.

For the year Nasdaq OMX Group Inc. said its net income increased 9 percent to $385 million, or $2.25 per share. Revenue rose 13 percent to $1.9 billion.

Its shares lost 27 cents to $37.52 in midday trading.


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