By Margarita Snegireva. NYSE Euronext reported that EPS doubled to 59 US cents in the fourth quarter from 29 cents a year earlier as volatility on its financial markets continued to lift revenues and as the company implemented cost cuts.
On a pro forma basis, excluding costs related to the merger early last year of the New York Stock Exchange group with Euronext, EPS was 66 cents, in line with Thomson Financial's consensus expectation.
Net profit for the quarter soared to 156 mln usd from 45 mln, taking full yer profit to 643 mln usd or 2.70 usd per share from 438 mln or 1.36 per share in 2006.
NYSE Euronext, Inc. (formerly NYSE Group, Inc. and Euronext N.V.) is an American/European for-profit corporation that operates multiple securities exchanges, most notably the New York Stock Exchange (the "Big Board"), Euronext, and NYSE Arca (formerly known as ArcaEx). NYSE Group also operates NYSE Regulation, which is a non-profit Self-Regulatory Organization that oversees securities firms and companies listed on the New York Stock Exchange and NYSE Arca.
NYSE completed its acquisition of Archipelago Holdings via reverse takeover on March 7, 2006 in a 10 billion USD deal to create the NYSE Group. The NYSE Group became a for-profit corporation and began trading publicly on its own stock exchange on March 8, 2006 under the NYX ticker. Owners of the 1,366 NYSE seats received 80,177 shares of NYSE Group stock plus US$300,000 in cash and US$70,571 in dividends. NYSE Group merged with Euronext on April 4, 2007 to form the first global equities exchange.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?