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Article: NYSE Euronext Beats - Analyst Blog
- Article from:
- Zacks Investment Research - Analyst Blog
- Article date:
- November 2, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
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NYSE Euronext Beats - Analyst Blog
NYSE Euronext Inc.
(
NYX
) reported third-quarter results on Friday.Â
The company swung to a GAAP net income of $125 million or 44 cents per share from a GAAP net loss of $182 million in the prior quarter and a net income of $174 million or 66 cents in the year-ago period. Results included one-time charge related to merger expenses and exit costs, the impact of the disposition of Hugin Group B.V., the sale of investments in BM&F Bovespa and a fair value adjustment to investment in BIDS Holdings L.P.Â
Excluding these charges, pro forma earnings per share came in at 53 cents, beating the Consensus forecast by more than 18%, or 8 ...