Nasdaq beats profit estimates on strong demand for investment products

Indonesia Berita Berita

Nasdaq beats profit estimates on strong demand for investment products
Indonesia Berita Terbaru,Indonesia Berita utama

Nasdaq (NDAQ.O) on Wednesday reported third-quarter profit that beat Wall Street estimates, helped by stronger demand for its indexes and anti-financial crime products.

The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York City, U.S., December 3, 2021. REUTERS/Jeenah Moon/File Photoon Wednesday reported third-quarter profit that beat Wall Street estimates, helped by stronger demand for its indexes and anti-financial crime products.

Index revenues at Nasdaq grew 15%, while revenue from its anti-financial crime unit, which offers solutions for detecting financial fraud, jumped 21% to $93 million in the third quarter. The company's solutions businesses revenue rose 9% to $694 million in the quarter compared to a year earlier, while its trading business reported a 1% decline to $236 million.

A total of 87 companies listed on the Nasdaq Stock Market in the quarter, compared with 98 a year earlier.

 

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