NYSE Euronext 3Q Results Miss Expectations

Tuesday, 05 Nov 2013 10:25 AM

 

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NYSE Euronext Inc.'s third-quarter net income rose 65 percent as revenue improved for its cash trading and listings and derivatives businesses.

But adjusted profit and revenue missed analysts' estimates.

For the period ended Sept. 30, the parent of the New York Stock Exchange earned $178 million, or 73 cents per share. That compares with $108 million, or 44 cents per share, a year earlier.

Excluding costs tied to its acquisition by IntercontinentalExchange Inc. and other items, earnings were 53 cents per share. Analysts expected 55 cents per share.

Revenue, excluding certain expenses, climbed 3 percent to $574 million from $559 million. Wall Street called for $579.2 million.

Derivatives revenue rose 1 percent, while cash trading and listings revenue increased 5 percent.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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