January 30, 2019 / 12:02 PM / a year ago

Exchange operator Nasdaq posts better-than-expected quarterly revenue

Jan 30 (Reuters) - U.S. exchange operator Nasdaq Inc , which launched a bid to buy Norwegian peer Oslo Bors VPS on Wednesday, reported better-than-expected quarterly revenue, helped by growth in its market services unit which oversees transactions, clearing, and settlements.

The company also posted strong growth in its other three businesses: marketing technology, information services and corporate services, helping net revenue rise 2.4 percent to $645 million.

Analysts, on average, were expecting revenue of $642.7 million, according to IBES data from Refinitiv.

Adjusted net income attributable to Nasdaq rose to $211 million, or $1.26 per share, in the fourth quarter ended Dec. 31, from $177 million, or $1.04 per share, a year earlier. (reut.rs/2BehZw5)

Nasdaq’s $771 million rival bid for Oslo Bors sets up a takeover battle with Euronext, a pan-European stock market operator. (Reporting by Bharath Manjesh in Bengaluru; Editing by Shailesh Kuber)

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