NYSE Euronext 3Q Net Drops 28% On Lower Sales
October 30 2009 - 3:33AM
Dow Jones News
NYSE Euronext (NYX) Friday said net profit in the third quarter
fell 28% from a year earlier on lower sales and higher fixed
operating expenses.
Net profit in the third quarter dropped to $138 million, or
$0.53 a diluted share, from $192 million a year earlier on a
non-GAAP (generally accepted accounting principles) basis. On a
GAAP basis, it stood at $125 million, or $0.48 a diluted share,
compared with $174 million a year earlier.
The exchange owner's third-quarter GAAP results include the
impact from merger expenses and exit costs, the sale of Hugin Group
BV, the sale of a stake in BM&F Bovespa and a fair value
adjustment to the stake in BIDS Holdings LP, NYSE Euronext
said.
"We continue to see stabilization in our core businesses and
significant progress on our new initiatives," NYSE Euronext Chief
Executive Duncan Niederauer said in a statement.
Company Web site: www.nyseeuronext.com
-By Geraldine Amiel, Dow Jones Newswires; +33 1 40171740;
geraldine.amiel@dowjones.com;