Almost all of the financial institutions reporting their earnings for the June quarter so far have shown in-line or better than expected earnings for the period. NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) becomes today one of the exceptions to that trends, though only on the margin. The company showed earnings of 62 cents per share for the quarter ending June. Revenue for the three months came in at $451 million.
Analysts following the company were expecting the company to earn 63 cents per share in the quarter on revenue of $441 million. In the same three months of last year, NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) earned 64 cent on revenue of $424 million. It’s been a tough period for NASDAQ OMX earnings; shares in the company have risen by more than 35 percent since the start of the year, however.
Value Partners Asia ex-Japan Equity Fund has delivered a 60.7% return since its inception three years ago. In comparison, the MSCI All Counties Asia (ex-Japan) index has returned just 34% over the same period. The fund, which targets what it calls the best-in-class companies in "growth-like" areas of the market, such as information technology and Read More
NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) has been doing everything it can to diversify its revenue streams in the last year. Diversification is a safety measure, and it is not expected to have a particularly positive effect on earnings, particularly in the early stages. Nasdaq has acquired several companies in the last year, and the group’s efficiency will not be concrete until some time has passed.
The acquisitions were the biggest depressing factor on this earnings report, with their costs eating into the company’s earnings for the quarter. Apart from setting up its new businesses effectively, NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) also needs to pay legal fees, and acquisition prices, in order to take hold of other companies.
Analysts are seeing a slow growth pattern for NASDAQ OMX Group, Inc. (NASDAQ:NDAQ), expecting the company to close the 2013 fiscal year with earnings per share of $2.61, compared with $2.50 in 2012. Earnings growth is expected to pick up thereafter, all else remaining equal, with analysts predicting that the company will earn $3.00 in the 2014 fiscal year.