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NASDAQ OMX Group reports higher profit, declares $0.13 dividend

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Staff writer ▼ | January 31, 2013
NASDAQ OMX GroupThe NASDAQ OMX Group reported results for the fourth quarter and full year 2012 with Q4 net exchange revenues of $419 million, driven by strong growth in Corporate Solutions.

On a GAAP basis, net income attributable to NASDAQ OMX for the fourth quarter of 2012 was $85 million, or $0.50 per diluted share, compared with $82 million, or $0.45 per diluted share, in the prior year quarter.

Operating expenses were $244 million in the fourth quarter of 2012, compared to $259 million in the prior year quarter. On a non-GAAP basis, Q4 2012 operating expenses were $233 million, flat compared to the prior year quarter.

Fourth quarter 2012 non-GAAP diluted earnings per share were $0.64, up $0.01 compared to the prior year quarter. Non-GAAP earnings per share in the Q4 2012 exclude $8 million of restructuring expenses, $4 million of merger and strategic expenses, $3 million in sublease reserve expenses, $2 million of special legal expenses, and a $7 million value added tax refund related to prior year periods.

Bob Greifeld"NASDAQ OMX ended 2012 with a strong finish to the year, driven by a significant pick-up in corporate activity coupled with solid performance in our U.S. options, U.S. proprietary data products and global index businesses. While the volume environment remained weak in the fourth quarter, we continued to expand our diversified, global portfolio of businesses, increasing our stream of recurring revenues, generating strong cash flows and delivering attractive returns for our shareholders," said Bob Greifeld, CEO of NASDAQ OMX.

At December 31, 2012, the company had cash and cash equivalents of $497 million and total debt of $1,976 million, comparing to net debt of $1,611 million at December 31, 2011. The company also has declared a regular quarterly dividend of $0.13 per share on the company's outstanding common stock.

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