The group announced Thursday it earned $94 million, or 44 cents per share, in the three months ending March 31, compared with $121 million, or 69 cents per share, a year ago.
Stock in the company subsequently fell $2.05 or 9.5 percent to $19.56 in early trading Thursday, despite promising gains in previous sessions ahead of the quarterly results
The company's earnings did however beat forecasts by a very small margin and NASDAQ OMX was commended for lowering its 2009 spending projection to $10 million, which as estimated by a financial expert, will translate into earnings of 3 cents per share.
Net revenue was up 33 percent, at $369 million according the global exchange operator.
Stock in the company subsequently fell $2.05 or 9.5 percent to $19.56 in early trading Thursday, despite promising gains in previous sessions ahead of the quarterly results
The company's earnings did however beat forecasts by a very small margin and NASDAQ OMX was commended for lowering its 2009 spending projection to $10 million, which as estimated by a financial expert, will translate into earnings of 3 cents per share.
Net revenue was up 33 percent, at $369 million according the global exchange operator.
