NYSE Euronext Inc. (NYX) Profits Triple
The operator of the New York Stock Exchange said Friday its third-quarter profit more than tripled as market volatility over the summer produced record volume.
NYSE Euronext, the product of the New York Stock Exchange's April acquisition of pan-European rival Euronext, saw earnings surge to $258 million, or 97 cents per share, for the quarter ended Sept. 30 from $68 million, or 43 cents per share, a year earlier.
Excluding costs such as those tied to the acquisitions of Euronext and Archipelago, as well as a gain on the sale of member firm regulatory functions, the company earned $202 million, or 76 cents per share.
Revenue jumped to $1.2 billion from $602 million a year ago, with 25 percent of total revenue generated by trading of derivatives, and 18 percent from European cash trading.
Analysts surveyed by Thomson Financial expected profits excluding items of 73 cents per share.
NYSE Euronext, the product of the New York Stock Exchange's April acquisition of pan-European rival Euronext, saw earnings surge to $258 million, or 97 cents per share, for the quarter ended Sept. 30 from $68 million, or 43 cents per share, a year earlier.
Excluding costs such as those tied to the acquisitions of Euronext and Archipelago, as well as a gain on the sale of member firm regulatory functions, the company earned $202 million, or 76 cents per share.
Revenue jumped to $1.2 billion from $602 million a year ago, with 25 percent of total revenue generated by trading of derivatives, and 18 percent from European cash trading.
Analysts surveyed by Thomson Financial expected profits excluding items of 73 cents per share.
Labels: NYSE Euronext Inc. NYX
posted by Stock Administrator @ 3:43 PM
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