UPDATE 1-Nasdaq earnings rise, beating estimates, helped by cost cuts NEW YORK, July 23- Transatlantic exchange operator Nasdaq OMX Group reported higher second-quarter earnings on Thursday, exceeding analysts' estimates, as cost cuts offset the negative effects of changes in foreign exchange rates. Net income attributable to Nasdaq in the quarter ended June 30 totaled $133 million, or 77 cents per diluted share, up from $101...
Nasdaq OMX beats Street 2Q forecasts NEW YORK- The Nasdaq OMX Group Inc. on Thursday reported second-quarter profit of $133 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share. Five analysts surveyed by Zacks expected $512.5 million.
Source: The Associated Press
Nasdaq & NYSE prepare backup plan: Nasdaq CEO Robert Greifeld, Nasdaq CEO, discusses what drove Nasdaq's profitable quarter, And Greifeld provides insight to the proposal for the NYSE and Nasdaq to back up each other's closing auctions.
NYSE, Nasdaq plan to back up each other's closing auctions Earlier in July, the NYSE was forced to suspend trading for several hours in the biggest outage to hit a U.S. financial market in nearly two years. "We look forward to working with the industry and the SEC to implement this resiliency plan for the public markets on behalf of investors," NYSE president Tom Farley said in a statement. Nearly all U.S. trading is done...