Nasdaq Third-quarter Profit Rises 27% On Technology Sales

Debt obligations of Nasdaq stood at $2.67 billion, up from $1.84 billion at 2012-end. However, Nasdaq paid $98 million of debt in the reported quarter. Total assets of Nasdaq increased to $12.5 billion from $9.13 billion at 2012-end, while total equity improved to $6.1 billion from $5.2 billion at 2012-end. Guidance Management narrowed core operating expense projection to $1.0751.090 billion from $1.070-1.100 billion guided earlier. Additionally, the company expects approximately $45 million of incremental expenses from new initiative spending (down from the earlier range of $50$60 million). Including these charges, total expenses are projected in the range of $1.120$1.135 billion, narrowed from the guidance of $1.121.16 billion provided earlier.
Source: http://finance.yahoo.com/news/nasdaq-q3-earnings-beat-higher-142506334.html

NASDAQ OMX Announces Quarterly Dividend of $0.13 Per Share

I couldn’t even try to quantify the embarrassment.” Picking an exchange is just one the behind-the-scenes steps companies take on the road to becoming publicly traded. Professional and retail investors may care little where stocks wind up being listed, but the decisions nonetheless can bring fortune and prestige to Wall Street’s giant exchanges during somewhat trying times for the industry. For Nasdaq, Twitter could help lift a lingering cloud from the Facebook debacle. “If Nasdaq wins Twitter, they’re going to get a shot at redemption,” said Patrick Healy, chief executive of Issuer Advisory Group, which consults with companies deciding where to list. “They both have a lot riding on this.
Source: http://www.latimes.com/business/la-fi-twitter-listing-20131015,0,67896.story

Nasdaq stocks posting largest volume increases

The shares fell $.26 or 2.0 percent to $13.09. Apollo Group : Approximately 21,776,000 shares changed hands, a 1,066.6 percent increase over its 65-day average volume. The shares rose $5.86 or 28.0 percent to $26.80. Citizens Holding Co. : Approximately 13,800 shares changed hands, a 1,492.7 percent increase over its 65-day average volume.
Source: http://www.businessweek.com/ap/2013-10-23/nasdaq-stocks-posting-largest-volume-increases

Cash equities made up just 9 percent of total revenue. Revenue at Nasdaq’s technology solutions segment, which includes the new IR, PR, and multimedia businesses, increased by $58 million from a year earlier to $131 million. Information Services revenue rose by $19 million to $118 million, with market data revenue rising by $16 million to $100 million. SCALE IMPORTANT FOR STOCKS Greifeld said he would still consider buying the European stock exchange unit of NYSE Euronext if it came on the market, following NYSE’s proposed sale to derivatives market and clearing house operator IntercontinentalExchange Inc. The processing power of Nasdaq’s European data center would be able to handle every European equity trade today without spending a nickel, so there would be a fundamental driver behind potentially combining with Euronext, Greifeld said on a conference call with analysts.
Source: http://www.reuters.com/article/2013/10/23/nasdaq-results-idUSL1N0ID0FW20131023

Nasdaq stocks posting largest percentage decreases

and a 25 percent stake in The Order Machine, a Dutch alternative trading system focused on options. Nasdaq also has a program called GIFT http://www.todayhotstocks.com/ to fund projects such as a new derivatives market in London . Our acquisitions of eSpeed and the IR, PR and Multimedia businesses of Thomson Reuters are ahead of plan and are accretive to earnings, Greifeld said in the statement. Although we have more to do to ensure they realize their full potential, our confidence has never been stronger. Todays earnings release is the first since Nasdaq halted trading for thousands of U.S.
Source: http://www.bloomberg.com/news/2013-10-23/nasdaq-third-quarter-profit-rises-27-on-technology-sales.html

NASDAQ OMX cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements about our capital return initiatives. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX’s control. These factors include, but are not limited to, NASDAQ OMX’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in NASDAQ OMX’s filings with the U.S.
Source: http://www.marketwatch.com/story/nasdaq-omx-announces-quarterly-dividend-of-013-per-share-2013-10-23

fell 23.8 percent to $10.86. Internet Gold-Golden Lines Ltd. fell 17.7 percent to $11.83. Cree Inc. fell 16.9 percent to $61.77.
Source: http://money.msn.com/business-news/article.aspx?feed=AP&date=20131023&id=17030359

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