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Nasdaq: Second quarter 2022 earnings

Posted on July 22, 2022July 22, 2022 By alanyeo No Comments on Nasdaq: Second quarter 2022 earnings

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

Second quarter 2022 results:

  • EPS: US$1.87 (down from US$2.08 in 2Q 2021).
  • Revenue: US$1.55b (up 10% from 2Q 2021).
  • Net income: US$307.0m (down 10% from 2Q 2021).
  • Profit margin: 20% (down from 24% in 2Q 2021). The decrease in margin was driven by higher expenses.

Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 7.4%.

Over the next year, revenue is forecast to decline by 38% while the industry in the US is not expected to grow.

Over the last 3 years on average, earnings per share has increased by 25% per year whereas the company’s share price has increased by 21% per year.

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News Tags:NASDAQ, NDAQ

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