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Nasdaq quarterly profit boosted by data business
July 25, 2012 / 11:24 AM / 5 years ago

Nasdaq quarterly profit boosted by data business

(Reuters) - Nasdaq OMX Group (NDAQ.O) said on Wednesday its second-quarter profit rose, as growth in the exchange operator’s market data business helped offset a slowdown in trading volumes.

<p>People walk outside the Nasdaq Market site in New York's Times Square, July 23, 2012. REUTERS/Brendan McDermid</p>

Nasdaq, which runs U.S. and Nordic markets, earned $93 million, or 53 cents per share, in the quarter, up from $92 million, or 51 cents per share, a year earlier.

After adjusting for one-time items, Nasdaq said it earned 64 cents a share, up from 62 cents a share.

Reporting By John McCrank; Editing by Gerald E. McCormick

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