NYSE Euronext 2Q net income rises 38 pct

AP News
|
Posted: Jul 30, 2013 9:04 AM

NEW YORK (AP) — NYSE Euronext says its second-quarter net income jumped 38 percent, helped by lower costs.

The exchange operator earned $173 million, or 71 cents per share, in the three months ended June 30. That was up from $125 million, or 49 cents per share, last year.

Excluding charges related to InterContinentalExchange's pending $8.2 billion takeover of the company and other items, NYSE says it earned an adjusted 63 cents per share.

Revenue rose 1 percent to $995 million. After transaction expenses, revenue was $611 million.

Analysts polled by FactSet expected a profit of 58 cents per share, on $601.3 million in revenue.

Recommended
Nonsense About 'Crybaby' Conservatives and Hollywood
Brent Bozell and Tim Graham

NYSE says it continues to cut expenses ahead of the closing of the InterContinentalExchange deal, noting that its costs are down 7 percent so far this year.