NEW YORK (AP) — NEW YORK (AP) — Nasdaq Inc. (NDAQ) on Thursday reported first-quarter profit of $519 million.

On a per-share basis, the New York-based company said it had net income of 91 cents. Earnings, adjusted for one-time gains and costs, were 96 cents per share.

The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share.

The exchange operator posted revenue of $2.14 billion in the period. Its adjusted revenue was $1.41 billion, which also topped Street forecasts. Eight analysts surveyed by Zacks expected $1.37 billion.

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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