Meanwhile, on a non-GAAP basis, operating expenses stood at $304 million, up 32% from the year-ago period. The upside was due to expenses related to the acquisitions of Thomson Reuters’ IR, PR and Multimedia businesses and the eSpeed electronic fixed income platform. Consequently, operating margin contracted 400 basis points year over year to 40%. Financial Update As of Sep 30, 2013, Nasdaq had cash and cash equivalents of $381 million, down from $582 million at the end of 2012. Debt obligations of Nasdaq stood at $2.67 billion, up from $1.84 billion at 2012-end.
Unfilled orders drew lawsuits and regulatory probes. Nasdaq wound up paying $10 million to the U.S. Securities and Exchange Commission , and it shelled out $62 million to compensate investors hit with losses. “So many people saw it, so many people were hurt by it,” said David Menlow, president of IPOfinancial.com, who speculated Twitter would choose the NYSE to avoid any problems.
Digital Ally Inc. fell 15.8 percent to $11.29. B Communcations Ltd. fell 15.1 percent to $18.94. Abaxis Inc.
12 to order market operators to collaborate on avoiding malfunctions. Cost Outlook Nasdaq OMX narrowed its full-year cost guidance, saying core expenses will be in a range of $1.075 billion to $1.09 billion, compared with a previous forecast of $1.07 billion to $1.1 billion. Total expenses will be between $1.12 billion and $1.135 billion, down from the prior estimate of $1.12 billion to $1.16 billion, the company said. Our expense discipline has led to very modest organic cost growth thus far in 2013, Lee Shavel, chief financial officer of Nasdaq, said in the statement. We are narrowing our full-year expense guidance towards the low end of our previous projections. Nasdaq OMXs biggest rival, NYSE Euronext (NYX) , agreed in December to great stock buys right now be bought by futures bourse IntercontinentalExchange Inc.
Such forward-looking statements include, but are not limited to, statements about our capital return initiatives. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX’s control. These factors include, but are not limited to, NASDAQ OMX’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in NASDAQ OMX’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on NASDAQ OMX’s website at http://www.nasdaqomx.com and the SEC’s website at http://www.sec.gov. NASDAQ OMX undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
The deliberations will restart on Wednesday and the companys common stock will also resume on Thursday morning. Wednesdays trading In Wednesdays trading, ParkerVision, Inc. (NASDAQ:PRKR)s opening share price $6.95, which climbed to an intraday high of $7.78 and dipped to a close of $7.09. Approximately 3.56 million shares were traded on Wednesday while an average volume of 2.60 million shares were traded over a 30 day period. The 52-week low ofParkerVision, Inc.