Nasdaq, Inc. reported financial results for the fourth quarter ended December 31, 2016.  Fourth quarter net revenues were $599 million, up $63 million or 12% from $536 million in the prior year period, driven primarily by a $54 million positive impact from acquisitions.  Fourth quarter GAAP 2016 diluted loss per share was $1.35. Non-GAAP diluted EPS was $0.95. GAAP diluted EPS declined $2.23 from the fourth quarter of 2015, while non-GAAP diluted EPS increased $0.06, or 7%. Non-GAAP results exclude $646 million in pre-tax charges primarily related to the write-off of the eSpeed trade name. On a GAAP basis, net loss attributable to the company for the fourth quarter of 2016 was $224 million compared with net income of $148 million in the prior year quarter.  On a non-GAAP basis, net income attributable to the company for the fourth quarter of 2016 was $161 million compared with $150 million in the fourth quarter of 2015. At December 31, 2016, the company had net debt of $3,200 million.  This compares to net debt of $2,063 million at December 31, 2015.

 For the quarter ended December 31, 2016, the company recorded a pre-tax, non-cash asset impairment charge of $578 million related to the eSpeed trade name. The impairment charge was the result of a decline in operating performance and the rebranding of the trade name due to a strategic change in the direction of its fixed income business.