Nasdaq profit drops 53pc
Friday, 27 February 2009
NEW YORK Feb 26 (Bloomberg): Nasdaq OMX Group Inc., the US exchange that handles the most shares, said fourth-quarter profit fell 53 per cent as losses on a currency hedge for its European operations wiped out gains from increased trading.
Net income decreased to $36.8 million, or 17 cents a share, from US$79 million, or 52 cents, a year earlier, the New York-based company said in a statement today.
Net income decreased to $36.8 million, or 17 cents a share, from US$79 million, or 52 cents, a year earlier, the New York-based company said in a statement today.