NYSE Euronext (NYX) has reported net income of USD154 million, or USD0.59 per diluted share, for the second quarter of 2011, compared to net income of USD184 million, or USD0.70 per diluted share, for the second quarter of 2010.
Results for the second quarter of 2011 and 2010 include USD18 million and USD32 million, respectively, of pre-tax merger expenses and exit costs. The USD18 million in merger expenses and exit costs in the second quarter of 2011 included USD12 million related to the proposed merger with Deutsche Boerse.
Second quarter of 2010 results also included a net USD54 million pre-tax gain from disposal activities. Excluding merger expenses, exit costs, disposal activities and discrete tax items, net income in the second quarter of 2011 was USD160 million, or USD0.61 per diluted share, compared to USD167 million, or USD0.64 per diluted share, in the second quarter of 2010.
“Our solid results in the second quarter reflect our focus on revenue diversification, disciplined cost management and balance sheet strength as we continue to execute against our long-term strategy in an extremely challenging environment,” says Duncan L Niederauer (pictured), CEO, NYSE Euronext. “NYSE Liffe US continues to gain traction with the launch of Eurodollar and US treasury futures, we closed the sale of stakes in NYSE Amex Options and we were the global leader in IPOs for the second consecutive quarter, with a growing share of technology IPOs selecting NYSE. Lastly, our technology services business, which grew revenue 14% year-over-year, launched the first cloud computing platform in financial services.
“I would like to thank the shareholders of both NYSE Euronext and Deutsche Boerse for their overwhelming support of our pending combination. Integration planning is on schedule and we continue to cooperate with all our regulators as we prepare for a closing by end of 2011.”
