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Additional information
Additional Information
Market: NYSE
Sector: General Financial
Epic: .NYX
News: Latest news
Web Site: NYSE Euronext
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NYSE Euronext

NYSE Euronext, the holding company created by the combination of NYSE Group, Inc. and Euronext N.V., was launched on April 4, 2007. NYSE Euronext (NYSE/New York and Euronext/Paris: NYX) operates the world ' s largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in seven countries and eight derivatives exchanges, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data.


Tuesday, February 09, 2010

NYSE Euronext Q4 results beat market expectations

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NYSE Euronext (NYSE: NYX) posted the third consecutive quarterly increase in net revenues and earnings per share in the final quarter of 2009, beating market expectations with revenues of US$640 million and earnings per share of US$0.58 as operating expenses fell 16% year-on-year and 11% over the full year 2008.

The quarterly revenue of US$640 million markeda year-on-year decline of 6%, however, it was a 3% improvement over the previous quarter, while the earnings per share of US$0.58 was a 12% year-on-year and 9% quarter-on-quarter increase.

Net income for the quarter amounted to US$172 million, or US$0.66 per share for the final quarter compared to a net loss of US$1.3 billion or US$5.08 per share in Q4 2008. In 2009, the company recorded fixed operating expenses of US$1.68 billion compared to US$1.74 billion in 2008, despite the addition of several new businesses including the former Amex businesses, NYSE Liffe Clearing and NYFIX. The underlying expense base was down US$195 million, or 11% when compared to 2008.

“Our fourth quarter and full-year results were solid, reflecting growing revenue and earnings power driven by our new businesses and our continuing efforts to harmonize our technology infrastructure and trading platforms,” said chief executive of NYSE Euronext Duncan Niederauer.

The company expects the benefits from the cost cutting programmes launched in 2009 to be realized during the full year 2010.

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