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Nasdaq’s second-quarter results show revenue and earnings growth

Total revenue rose 20.5% to $2.53 billion, and adjusted earnings per share increased 25% to $1.07 versus a 98-cent consensus.

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Nasdaq’s latest second-quarter report showed strong growth in both revenue and profitability, even as the company’s stock performance has lagged, according to MarketBeat Ratings.

In the quarter ended July 23, Nasdaq reported total revenue up 20.5% to $2.53 billion, beating analyst expectations cited by the outlet of $1.46 billion.

Net income increased 12% to $507 million, or 89 cents per share, while net revenue rose 15% to $1.5 billion.

Adjusted earnings per share climbed 25% to $1.07 and the adjusted operating margin widened to 57% from 55% a year earlier, MarketBeat Ratings said.

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