NYSE Euronext Earnings: Here’s Why Shares are Up Now

NYSE Euronext, Inc. (NYSE:NYX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.39%.

NYSE Euronext, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 23.53% to $0.63 in the quarter versus EPS of $0.51 in the year-earlier quarter.

Revenue: Decreased 38.03% to $611 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: NYSE Euronext, Inc. reported adjusted EPS income of $0.63 per share. By that measure, the company beat the mean analyst estimate of $0.58. It beat the average revenue estimate of $601.48 million.

Quoting Management: “We continue to execute solidly against our business plan as we build momentum toward closing the ICE deal,” said Duncan L. Niederauer, CEO, NYSE Euronext. “We successfully transitioned our London-based derivatives market to ICE Clear Europe and were ranked number one year-to-date in capital raising with our market share in technology listings increasing to 64%. The strength of our listings franchise continues to build and we are very pleased to welcome Oracle to the NYSE today to close the market. We were also appointed the administrator for LIBOR. Turning to our transaction with ICE, we are gratified that our shareholders and the European Commission have approved the transaction and we are working with the College of Regulators in Europe and other regulators to obtain all the appropriate remaining approvals.”

Key Stats (on next page)…

Revenue decreased 36.55% from $963 million in the previous quarter. EPS increased 10.53% from $0.57 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.59 and has not changed. For the current year, the average estimate has moved up from a profit of $2.29 to a profit of $2.32 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)