NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) posted lower profits for the first quarter this morning after putting aside $62 million for reimbursements related to Facebook Inc (NASDAQ:FB)’s botched initial public offering last year. The company posted a net income of $43 million or 25 cents per share, a decrease from $84 million or 48 cents per share in the same quarter a year ago.
NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) reported net exchange revenues of $418 million, an increase of 1 percent over the same quarter a year ago. Non-GAAP diluted earnings per share were 64 cents, which the company said tied for the second highest quarterly performance in its history. Analysts were expecting earnings of 62 cents per share on revenue of $419 million.
In addition to setting aside cash for reimbursements after the botched IPO, the exchange also put aside $10 million in an attempt to settle the Securities and Exchange Commission’s investigation into the problematic IPO.
The exchange’s market services division accounted for 43 percent of its total net exchange revenues, falling $8 million compared to the same quarter a year ago. Information services made up 26 percent of the company’s total net exchange revenues and were $108 million, an increase of $6 million from the same quarter a year ago.
Technology services made up 18 percent of the company’s revenues and were $73 million, an increase of $7 million over the same quarter a year ago. Listing services were 13 percent of the company’s revenue and were $55 million, a decrease of $1 million from the same quarter a year ago.
The exchange also announced a quarterly dividend of 13 cents per share, which will be payable on June 28 to shareholders on record on June 14.
As of the moment of this writing, shares of NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) were down 1.37 percent.
