Nasdaq Reaffirms Its Medium-Term Growth Outlook For All Divisions, Sub-divisions, And AxiomSL And Calypso Combined; Also Reaffirms All 2024 Expectations
Portfolio Pulse from Benzinga Newsdesk
Nasdaq reaffirms its medium-term growth outlook for all divisions, including AxiomSL and Calypso, and maintains its 2024 expectations. A $32 million one-time, non-cash GAAP revenue reduction will be recorded in Q3 2024 due to an accounting change affecting AxiomSL subscription revenue.
September 06, 2024 | 11:11 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Nasdaq reaffirms its growth outlook and 2024 expectations, with a $32 million one-time GAAP revenue reduction in Q3 2024 due to an accounting change affecting AxiomSL.
Nasdaq's reaffirmation of its growth outlook and 2024 expectations is positive, but the $32 million one-time GAAP revenue reduction due to an accounting change introduces a neutralizing factor. The impact is balanced, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100