Nasdaq OMX Q1 profit soars

Source: Nasdaq OMX

The NASDAQ OMX Group (NASDAQ OMX) (Nasdaq: NDAQ) today reported first quarter 2008 net income of $121.4 million, or $0.69 per diluted share, an increase of $103.1 million from $18.3 million, or $0.14 per diluted share, in the first quarter of 2007.

These results are presented in accordance with U.S. generally accepted accounting principles (GAAP) and include the financial results of The Nasdaq Stock Market, Inc. (NASDAQ) for the full quarter, and the financial results of OMX AB (OMX) from February 27, 2008, when the business combination between NASDAQ and OMX closed. The comparative results for 2007 reflect the financial results of NASDAQ only.

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