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April 21, 2021Updated: April 21, 2021 4:15 a.m.

NEW YORK (AP) _ Nasdaq Inc. (NDAQ) on Wednesday reported first-quarter profit of $298 million.

On a per-share basis, the New York-based company said it had profit of $1.78. Earnings, adjusted for one-time gains and costs, were $1.96 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.

The exchange operator posted revenue of $1.65 billion in the period. Its adjusted revenue was $851 million, which also topped Street forecasts. Four analysts surveyed by Zacks expected $828.3 million.

Nasdaq shares have climbed 20% since the beginning of the year. The stock has increased 45% in the last 12 months.

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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