NYSE Euronext Earnings Cheat Sheet: Consecutive Profit Quarter Streak Stays Intact

S&P 500 (NYSE:SPY) component NYSE Euronext (NYSE:NYX) reported its results for the third quarter. NYSE Euronext provides securities listing, trading, market data products, and software and technology services.

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NYSE Euronext Earnings Cheat Sheet for the Third Quarter

Results: Net income for the diversified investments company rose to $200 million (76 cents per share) vs. $128 million (49 cents per share) in the same quarter a year earlier. This marks a rise of 56.3% from the year earlier quarter.

Revenue: Rose 19.8% to $1.26 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: NYX reported adjusted net income of 71 cents per share. By that measure, the company beat the mean estimate of 69 cents per share. It beat the average revenue estimate of $705.8 million.

Quoting Management: “Our strong third quarter results benefited from unseasonably strong trading volumes, as well as our continuing business diversification efforts,” said Duncan L. Niederauer, CEO, NYSE Euronext. “Non-trading related net revenue was up $30 million year-over-year, driven by growth in our technology services businesses and the increasing momentum we are experiencing in our global listings franchise.”

Key Stats:

The company has now topped analyst estimates for the last four quarters. It beat the mark by one cent in the second quarter, by 8 cents in the first quarter, and by 2 cents in the fourth quarter of the last fiscal year.

The company has now been profitable for the last nine quarters, and for the last five, profit has risen year over year by an average of 8%. The quarter with the biggest boost was the most recent quarter, which saw a 56.3% surge.

Revenue rose last quarter after seeing a drop the quarter before. Revenue fell 12.4% to $1.09 billion in the second quarter from the year earlier.

Looking Forward: For the next quarter, analysts are growing pessimistic about the company’s expected results. The average estimate for the fourth quarter is 64 cents per share, dropping from 65 cents a month ago. The average estimate for the fiscal year has seen a bump from $2.57 per share sixty days ago to $2.62.

Competitors to Watch: IntercontinentalExchange, Inc. (NYSE:ICE), NASDAQ OMX Group, Inc. (NASDAQ:NDAQ), CME Group Inc. (NASDAQ:CME), CBOE Holdings, Inc (NASDAQ:CBOE), Deutsche Boerse AG (DB1), MarketAxess Holdings Inc. (NASDAQ:MKTX), Forestar Group Inc. (NYSE:FOR), Knight Capital Group Inc. (NYSE:KCG), and London Stock Exchange Group Plc (NYSE:LSE).

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.

(Source: Xignite Financials)