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NEW YORK (AP) — Nasdaq Stock Market Inc., the nation’s largest electronic exchange, said Thursday its second-quarter profit more than tripled amid a robust period for trading and a sharp decline in costs tied to its hostile takeover attempt of the London Stock Exchange.

Profit rose to $56.1 million, or 39 cents per share, from $16.6 million, or 13 cents per share, in the year-earlier period. Last year’s results included $20.9 million in expenses related to its failed acquisition effort for the LSE.

The Nasdaq benefited from the record pace of trading during the second quarter, which pushed the Dow Jones industrial average and Standard & Poor’s 500 index to all-time highs.

Revenue surged 16.1 percent to $198.7 million from $171.1 million a year earlier.

Results topped Wall Street projections for earnings of 37 cents per share on $194.3 million of revenue, according to analysts polled by Thomson Financial.

Looking ahead, Nasdaq expects 2007 profit to be in the range of $171 million to $181 million. It expects net revenue for 2007 to be in the range of $775 million to $790 million.

Nasdaq shares rose $1.62, or 5 percent, to $33.89 Thursday.

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