NYSE Euronext Earnings: Revenues Up, But Drama Center Stage

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

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NYSE Euronext Earnings Cheat Sheet for the First Quarter

Results: Net income for the diversified investments company rose to $151 million (59 cents/share) vs. $130 million (50 cents/share) in the same quarter a year earlier. A rise of 16.2% from the year earlier quarter.

Revenue: Rose 6% to $1.15 billion YoY.

Actual vs. Wall St. Expectations: NYX reported adjusted net income of 68 cents per share. By this measure, the company topped the mean analyst estimate of 60 cents/share. Estimates ranged from 49 cents per share to 65 cents per share.

Quoting Management: “These solid results reflect growing strength and momentum across our businesses and validate our long-term strategy to focus on diversifying and expanding our global footprint as the leading global multi-asset exchange,” said Duncan L. Niederauer, CEO, NYSE Euronext. “Our innovative NYSE Liffe U.S. launch of interest rate products is off to a strong start, bolstered by the unique benefits of New York Portfolio Clearing. Our listings franchise continues to expand through transfers from Nasdaq, and we were the global leader in IPOs in the first quarter. Lastly, our technology services pipeline continues to build and will accelerate toward our stated revenue goals for 2011.”

Key Stats:

A year-over-year revenue increase last quarter snaps a streak of four consecutive quarters of revenue declines. The worst quarter in that span was the third quarter of the last fiscal year, which saw a 9.7% decrease.

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).

Today’s Performance: Shares of NYX are down 0.05% in after hours trading.

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