U.S. News

Nymex Posts Higher Quarterly Profit


Metals and energy exchange operator NYMEX Holdings said on Tuesday second-quarter profit rose on growth in transaction and clearing fees.

The operator of the New York Mercantile Exchange said net income rose to $41.7 million, or 44 cents per share, from $38.1 million, or 44 cents per share, a year earlier. The earnings per share remained the same due to a an increase in the number of shares outstanding during the latest quarter.

Excluding a one-time charge of $26 million related to an acquisition, NYMEX said it earned 60 cents per share.

Analysts, on average, were expecting NYMEX to post earnings of 58 cents per share, according to Reuters Estimates.

This was NYMEX's third quarter as a public company. The exchange went public in November 2006.