Why Nasdaq Shares Are Rising Today
Portfolio Pulse from Lekha Gupta
Nasdaq Inc's shares rose by 4% following the release of its Q3 FY23 results. The company reported a 6% Y/Y increase in revenue to $940 million, beating the consensus of $930.25 million. Adjusted EPS was $0.71 per share, up 4% Y/Y, surpassing the Street view of $0.68. The company declared a regular quarterly dividend per share of $0.22. Nasdaq also had $2.0 billion worth of shares remaining under the authorized repurchase program. The company updated its 2023 non-GAAP operating expense guidance to $1.785 billion-$1.805 billion.
October 18, 2023 | 2:17 pm
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Nasdaq's Q3 FY23 results exceeded expectations, leading to a 4% increase in its share price. The company also declared a regular quarterly dividend and has $2.0 billion worth of shares remaining under the authorized repurchase program.
Nasdaq's better-than-expected Q3 FY23 results have led to a positive reaction in the market, with its shares rising by 4%. The declaration of a regular quarterly dividend and the remaining $2.0 billion worth of shares under the authorized repurchase program also contribute to the positive outlook for the company's stock.
CONFIDENCE 90
IMPORTANCE 80
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