Duncan L. Niederauer, chief executive of NYSE Euronext

NYSE Euronext reports net income of USD128m for Q3

NYSE Euronext has reported net income of USD128m, or USD0.49 per diluted share, for the third quarter of 2010, compared to net income of USD125m, or USD0.48 per diluted share, for the third quarter of 2009.

Results for the third quarter of 2010 include USD25m of pre-tax merger expenses and exit costs and a USD21m deferred tax benefit related to the reduction of the UK corporate tax rate.

Third quarter 2009 results include USD8m of pre-tax merger expenses and exit costs and a USD4m net gain from disposal activities.

Excluding the impact of these items, net income in the third quarter of 2010 was USD121m, or USD0.46 per diluted share, compared to USD138m, or USD0.53 per diluted share, in the third quarter of 2009.

“In the third quarter, we continued to execute against our multi-year strategy despite challenging market conditions,” says Duncan L. Niederauer, chief executive of NYSE Euronext. “We launched new data centres in the US and Europe which will serve as the liquidity hubs of the future, we are establishing innovative clearing platforms across our markets and providing listed clients with new value-add services through the acquisition of Corporate Board Member. We are creating an unparalleled community, by operating the most important capital markets in the world, connecting customers across our broad distribution network, delivering innovative products and services and enabling customers to leverage our technology and scale to operate their businesses more effectively.”

Diluted earnings per share were USD0.46, down 13 per cent from the same period in 2009.

Net revenues were USD599m versus USD621m the previous year, including USD25m negative currency impact.
 
Fixed operating expenses were USD419m, down six per cent on a constant dollar/portfolio basis.

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