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Nasdaq first-quarter profit surges on boost from OMX buyout



By TIM PARADIS, AP
08 May 2008 @ 07:37 am EST

NEW YORK - Nasdaq OMX Group says its first-quarter profits surged with its first combined quarterly report that includes Sweden's OMX stock exchange.

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The nation's largest electronic exchange said Thursday that earnings rose to $121.4 million, or 69 cents per share, from $18.3 million, or 14 cents a share, a year earlier.

Profits excluding one-time costs and benefits as well as buyout expenses for OMX AB have risen to $62.1 million, or 42 cents a share, in the latest period.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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