NYSE Euronext Swings To 2Q $182 Million Net Loss
30 Luglio 2009 - 9:45AM
Dow Jones News
Trans-Atlantic stock exchange group NYSE Euronext (NYX) Thursday
reported it swung to a net loss of $182 million in the second
quarter from a net profit of $195 million in the same period a year
ago, due to the net negative impact of merger expenses and exit
costs, among others.
But second-quarter gross revenue rose to EUR1.25 billion from
EUR1.07 billion.
"As we move through the second half of 2009, we will continue to
invest in future growth, while at the same time reducing our
fixed-cost base," said Chief Executive Duncan L. Niederauer.
"The positive impact from our ongoing technology and
non-technology cost-saving initiatives continued in the second
quarter with fixed costs down 6% year-over-year," said Group
Executive Vice President and Chief Financial Officer Michael S.
Geltzeiler.
"We now believe that we will exceed our cost savings targets for
the year," he added.
Company web site; www.nyse.com
-By A.H. Mooradian, Dow Jones Newswires; +33 1 4017 1740;
art.mooradian@dowjones.co