Nasdaq beats profit estimates on strong demand for investment products

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Index revenues at Nasdaq grew 15%, while revenue from its anti-financial-crime unit, which offers solutions for detecting financial fraud, jumped 21...

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

That helped the company post an adjusted profit of 71 cents per share, while analysts on an average had expected 68 cents per share, according to LSEG IBES data. Softbank-backed Arm and grocery delivery app Instacart were among the big names that debuted on the Nasdaq during the quarter, aiming for rich valuations.

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