NASDAQ Inc, Boeing Co Report Q1 Earnings

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NASDAQ OMX and Boeing released their latest quarterly earnings reports before opening bell this morning. Boeing posted adjusted earnings of $1.74 per share, missing the consensus of $1.84 per share, and revenue of $22.63 billion, which beat the consensus of $21.5 billion. In last year’s first quarter, the defense contractor posted revenues of $22.15 billion and adjusted earnings of $1.97 per share.

NASDAQ OMX posted earnings of 91 cents per share and $534 million in revenue, against the consensus estimates of 89 cents per share and $535.92 million in revenue.

Boeing stock slumps after earnings miss

Boeing’s reported earnings fell from $1.87 per share in the year-ago quarter to $1.83 per share in this year’s first quarter. Commercial airplane revenues fell from $15.4 billion last year to $14.4 billion, a 6% decline which came up short of consensus at $14.8 billion. The company’s had a backlog of more than 5,700 commercial airplanes worth $480 billion at the end of March. The Defense, Space & Security segment saw revenues increase 19% year over year to $8 billion.

Boeing management affirmed their previous guidance of between $8.15 and $8.35 per share in adjusted earnings for this year, which is significantly short of consensus at $8.54 per share. They continue to expet revenues of between $93 billion and $05 billion for this year.

Boeing stock declined 1.66% to $131 per share in premarket trading following this morning’s results.

NASDAQ OMX returns strong results in most segments

NASDAQ OMX’s GAAP earnings were 78 cents per share. The Market Services business recorded an increase in net revenues to $201 million, while Equity Derivatives revenues increased to $48 million. Cash Equities revenues increased to $70 million, while Fixed Income, Currency and Commodities revenues declined to $20 million. Information Services revenues increased to $133 million, and Access and Broker Services revenues increased to $63 million.

Data Products revenues increased to $105 million, while Index Licensing and Services revenues climbed to $28 million. Technology Solutions revenues increased to $134 million, Corporate Solutions revenues increased to $77 million, and Market Technology revenues climbed to $57 million. Listing services revenues increased to $66 million.

NASDAQ OMX stock was inactive in premarket trading this morning.

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