NEW YORK CITY (dpa-AFX) - Nasdaq OMX Group Inc. (NDAQ) reported that GAAP net income attributable to the company for the first quarter of 2014 significantly increased to $103 million, or $0.59 per share, from $42 million or $0.25 per share, in the prior year quarter.
Non-GAAP earnings per share for the quarter was $0.72, compared to $0.64 in the prior year quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.71 per share for the quarter. Analysts' estimates typically exclude special items.
'Our unique and diverse mix of businesses accelerated meaningfully, resulting in record financial results for our shareholders. After a 2013 which included transformative acquisitions and significant internal investments, NASDAQ OMX has begun 2014 with strong broad-based organic growth,' said Bob Greifeld, CEO.
Net revenue for the quarter were $529 million, up from $418 million in the prior year period, driven by both acquisitions and organic growth in all four business segments. On an organic basis, first quarter net revenues increased 9% year-over-year. Wall Street expected revenues of $526.55 million.
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