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.

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.