Nasdaq profit tops estimates

Nasdaq Inc. NDAQ on Wednesday reported a first-quarter profit of $247 million, or $1.48 a share, up from $177 million, or $1.05 a share, a year earlier. Adjusted earnings were $1.22 a share, rising above the $1.16 a share analysts polled by Refinitiv were looking for. The New York-based exchange and markets company said its net revenue dropped 5%, to $634 million, above the consensus forecast of $631.4 million.