The NASDAQ OMX Group, Inc. Earnings Cheat Sheet: The Profit Streak Continues

Falling revenue did not prevent S&P 500 (NYSE:SPY) component The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) from reporting a profit boost in the third quarter. NASDAQ OMX Group delivers trading, securities listing, exchange technology, and public company services across six continents.

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

The NASDAQ OMX Group Earnings Cheat Sheet for the Third Quarter

Results: Net income for the diversified investments company rose to $110 million (61 cents per share) vs. $101 million (50 cents per share) in the same quarter a year earlier. This marks a rise of 8.9% from the year earlier quarter.

Revenue: Rose 18% to $438 million from the year earlier quarter.

Actual vs. Wall St. Expectations: NDAQ reported adjusted net income of 67 cents per share. By that measure, the company fell in line with the mean estimate of 67 cents per share. Analysts were expecting revenue of $434.9 million.

Quoting Management: Lee Shavel, Chief Financial Officer, said, “Building on the positive steps made in prior periods, we continue to take actions to improve our balance sheet and return capital to shareholders. During the third quarter, we reduced our leverage ratios, refinanced our credit facility, and lowered our borrowing costs. And we recently announced the approval of a $300 million share repurchase plan. The strength of our business model and the strong cash flows it generates leave us well positioned to continue to invest in new growth opportunities and deliver strong returns to investors.

Key Stats:

The company fell in line with estimates last quarter after topping expectations in the previous two quarters. In the second quarter, it topped the mark by 2 cents, and in the first quarter, it was ahead by one cent.

Net income has increased 72.4% year over year on average across the last five quarters. The biggest gain came in the fourth quarter of the last fiscal year, when income climbed more than threefold from the year earlier quarter.

Looking Forward: The average estimate for the fourth quarter is steady at 63 cents a share. Over the past three months, the average estimate for the fiscal year has climbed from $2.45 per to share to $2.52.

Competitors to Watch: NYSE Euronext (NYSE:NYX), IntercontinentalExchange, Inc. (NYSE:ICE), CBOE Holdings, Inc (NASDAQ:CBOE), CME Group Inc. (NASDAQ:CME), Deutsche Boerse AG (DB1), MarketAxess Holdings Inc. (NASDAQ:MKTX), Forestar Group Inc. (NYSE:FOR), London Stock Exchange Group Plc (NYSE:LSE), The Parent Company (KIDSQ), and Singapore Exchange Limited (S68).

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

(Source: Xignite Financials)