The Nasdaq stock exchange operator ended the first quarter with profit
Nasdaq's net income increased in the first quarter of this year to $298 million, or $1.78 cents per share. Year-on-year growth was 49%. A significant improvement in the indicator was made possible due to the high degree of trading activity, as well as the entry of new companies on the stock exchange. The company's quarterly revenue increased by $150 million compared to a year ago. It reached $851 million. The figures were higher than the forecasts of analysts who took part in the FactSet survey. Nasdaq's revenue generated from the company's listing showed a 31% year-over-year increase. The revenue that the company received from the provision of market services increased by 20% in the reporting quarter. They reached a record $338 million. After the release of the reporting data, the securities of the exchange operator began to grow in price. Since the beginning of this year, the Nasdaq's capitalization has increased by 21%.