NEW YORK (AP) — NEW YORK (AP) — Nasdaq Inc. (NDAQ) on Thursday reported first-quarter net income of $234 million.

On a per-share basis, the New York-based company said it had profit of 40 cents. Earnings, adjusted for one-time gains and costs, came to 63 cents per share.

The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.

The exchange operator posted revenue of $1.67 billion in the period. Its adjusted revenue was $1.12 billion, which topped Street forecasts. Eight analysts surveyed by Zacks expected $1.11 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NDAQ at https://www.zacks.com/ap/NDAQ