Nomura Holdings Inc. (NMR) stock surged 5.11% on Wednesday, outperforming the broader market. The rally was driven by the company's strong fiscal third-quarter earnings and revenue results, as well as the announcement of a commemorative dividend.
For the quarter ended December 31, Nomura reported earnings per share of 33.08 Japanese yen, significantly higher than the FactSet estimate of 21.99 yen. The company's net revenue for the quarter also exceeded expectations, coming in at 501.98 billion yen versus the 482.93 billion yen forecasted by analysts.
In addition to the solid financial performance, Nomura announced plans to issue a 100th anniversary commemorative dividend of 10 yen per share. The special dividend, payable on June 2 to shareholders of record as of March 31, further contributed to investor enthusiasm for the stock.
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