Q3 revenue of $506M is up 23% Y/Y, with much of the gain driven by acquisitions (eSpeed, Thompson Reuters). On an organic basis, revenues grew 4%. Non-transaction-based revenues climbed to 73% of total from 27% a year ago.
Operating expenses of $304M climbed 32% from last year, again driven by those acquisitions. On an organic basis, they rsoe 7%. The firm tightens up core expense guidance to $1.075B-$1.09B from $1.07B-$1.1B.
More on Nasdaq OMX (NDAQ) Q1 earnings: The company plans to set aside $10M in anticipation of settling an investigation into its handling of the Facebook IPO. A penalty that high would be the most the SEC has ever fined an exchange and just the 2nd time a bourse has had a fine imposed. Execs had been hoping to limit the damage to $5M. The company earned $42M in Q1. Conference call at 9 ET (presentation slides) (PR)