“NYSE Euronext reported higher-than-expected third-quarter earnings on Tuesday but revenue missed as global trading activity remained weak.
After the earnings announcement, shares of the exchange operator [NYX 25.61 0.32 (+1.27%) ] gained 1.2 percent in trading before the opening bell. (Click here to get real-time quotes for NYSE Euronext.)
The company reported third-quarter earnings excluding items of 44 cents a share, higher than a forecast of 41 cents per share and below last year’s 71 cents per share.
But revenue dropped 21 percent to $559 million from $704 million a year ago.
Analysts had expected NYSE Euronext to post revenue of $569 million, according to a Thomson Reuters estimate.
The company cited lower average daily trading volumes for the decline in revenue.”
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