Nasdaq Q2 Highlights: Tops Street Estimates, 4% Revenue Growth & More
Portfolio Pulse from Lekha Gupta
Nasdaq, Inc. (NDAQ) reported a 4% Y/Y increase in Q2 revenue to $925 million, beating the consensus of $914.9 million. Adjusted EPS of $0.71 per share, up 3% Y/Y, also beat the Street view of $0.66. The company declared a regular quarterly dividend per share of $0.22. Nasdaq also disclosed an agreement to acquire Adenza from Thoma Bravo for $10.5 billion in cash and common shares. The company updated its 2023 non-GAAP operating expense guidance to $1.785 billion-$1.815 billion.
July 19, 2023 | 1:29 pm
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Nasdaq's Q2 results beat estimates, with revenue and adjusted EPS both increasing Y/Y. The company also announced a dividend and an acquisition, which could impact the stock.
Nasdaq's better-than-expected Q2 results, along with the announcement of a dividend and a significant acquisition, are likely to have a positive impact on the stock in the short term.
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