Nyse Euronext Q3 net income inches up

Source: Nyse Euronext

Nyse Euronext (NYX) today reported net income of $128 million, or $0.49 per diluted share for the third quarter of 2010, compared to net income of $125 million, or $0.48 per diluted share for the third quarter of 2009.

Results for the third quarter of 2010 include $25 million of pre-tax merger expenses and exit costs and a $21 million deferred tax benefit related to the reduction of the UK corporate tax rate. Third quarter 2009 results include $8 million of pre-tax merger expenses and exit costs and a $4 million net gain from disposal activities. Excluding the impact of these items, net income in the third quarter of 2010 was $121 million, or $0.46 per diluted share, compared to $138 million, or $0.53 per diluted share, in the third quarter of 2009.

"In the third quarter, we continued to execute against our multi-year strategy despite challenging market conditions," said Duncan L. Niederauer, CEO, NYSE Euronext. "We launched new data centers in the U.S. and Europe which will serve as the liquidity hubs of the future, we are establishing innovative clearing platforms across our markets and providing listed clients with new value-add services through the acquisition of Corporate Board Member. We are creating an unparalleled community, by operating the most important capital markets in the world, connecting customers across our broad distribution network, delivering innovative products and services and enabling customers to leverage our technology and scale to operate their businesses more effectively."

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