NYSE Euronext 3Q Results Miss Expectations

Tuesday, 05 Nov 2013 10:25 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

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 This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web
Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved