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NYSE Group Quarterly Profit Rises

By Reuters
Thursday, 26 Apr 2007 | 3:59 AM ET

NYSE Euronext said on Thursday first-quarter profit of NYSE Group more than doubled,

helped by increases in transaction revenue and activity assessment fees as well as lower fixed operating expenses.

NYSE Group, the operator of the New York Stock Exchange, posted net income of $67.6 million, or 43 cents a share, compared with $30.3 million, or 24 cents a share, a year earlier, it said.

NYSE Euronext said that because the combination between NYSE Group and European stock exchange operator Euronext NV was consummated on April 4, the first-quarter results include the full-quarter results from the operations of NYSE Group only.

NYSE Group posted quarterly revenue of $701.97 million, up from $454.94 million a year earlier.

Fixed operating expenses on a non-GAAP basis decreased 20% to $229 million, it said.

In the first quarter, NYSE had 72 new listings, including six initial public offerings by U.S. companies, it said.

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