NYSE Euronext Gain x3 On Higher Volumes
Tags: euronext, nyse, profit, volumes PARIS (AP) - NYSE Euronext said Tuesday its profit more than tripled in the first quarter, reflecting the addition of Euronext NV’s activities to those of the parent of the New York Stock Exchange last year and higher trading volumes.
The trans-Atlantic stock exchange operator said it earned $230 million, or 87 cents a share, for the three months ended March 31 from $68 million, or 43 cents a share, a year earlier.
The 2007 figure did not include the results of Euronext, operator of the Paris, Amsterdam, Lisbon and Brussels exchanges, which combined with NYSE in April 2007 to cut trading costs.
NYSE Euronext said first-quarter revenue rose to $1.29 billion from $702 million a year earlier.
The credit crisis has lifted trading volumes as traders sell and hedge positions.
via AOL
PARIS - NYSE Euronext said Tuesday net profit more than tripled in the first quarter reflecting the addition of Euronext NV to NYSE Group Inc.’s activities after last year’s merger and higher trading volumes.
The trans-Atlantic stock exchange operator said net profit in the three months to end of March rose to US$230 million (euro149 million) from US$68 million a year earlier.
The 2007 figure did not include the results of Euronext, operator of the Paris, Amsterdam, Lisbon and Brussels exchanges, which merged in April last year with NYSE to cut trading costs.
The credit crisis has lifted trading volumes as traders sell and hedge positions.
NYSE Euronext said first-quarter revenue rose to US$1.29 billion (euro830 million) from US$702 million a year earlier.
via MSN