Categories Earnings, Other Industries

Nasdaq Inc (NDAQ): Q3 2019 Earnings Snapshot

Earnings Update by AlphaStreet

— Nasdaq, Inc. (NASDAQ: NDAQ) reported third-quarter 2019 earnings of $1.27 per share, vs. $1.21 per share expected.

— Revenues rose 5% to $632 million, vs. $629.3 million expected.

— Nasdaq expects to incur $65-75 million in pre-tax charges over a two year period (including $30 million in 3Q19) related to non-cash items such as asset write-downs, accelerated depreciation as well as third-party consulting costs.

— For FY19, Nasdaq sees operating expenses in the range of $1.285 billion to $1.295 billion, and non-GAAP tax rate between 26% and 27%.

— NDAQ shares have gained 21% in the year-to-date period.

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