Nasdaq Q2 Earnings: Revenue Surge, Financial Tech and Index Segments Show Strong Growth
Portfolio Pulse from Anusuya Lahiri
Nasdaq, Inc. (NASDAQ:NDAQ) reported strong Q2 earnings with a 25% revenue growth to $1.16 billion, beating estimates. Adjusted EPS was $0.69, also surpassing expectations. Financial Technology and Index segments showed significant growth. The company updated its 2024 expense guidance and maintained its tax rate outlook. NDAQ shares rose by 5.52% following the report.
July 25, 2024 | 1:47 pm
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Nasdaq, Inc. reported strong Q2 earnings with a 25% revenue growth to $1.16 billion, beating analyst estimates. Adjusted EPS was $0.69, surpassing expectations. Financial Technology and Index segments showed significant growth. The company updated its 2024 expense guidance and maintained its tax rate outlook. NDAQ shares rose by 5.52% following the report.
The strong Q2 earnings report, with revenue and EPS beating analyst estimates, indicates robust financial health and growth potential for Nasdaq, Inc. The significant growth in the Financial Technology and Index segments further supports a positive outlook. The updated expense guidance and maintained tax rate outlook provide additional clarity and stability. The immediate 5.52% rise in NDAQ shares reflects positive market sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100