NYSE Euronext, Inc. (NYX) Swings Back To Profit

Stock exchange operator NYSE Euronext, Inc. (NYSE: NYX) announced Tuesday that it had swung to a 4th quarter profit.

NYSE Euronext, Inc. reported a net profit of $172 million, or 66 cents per share, compared to a loss of $1.34 billion, or $5.06 per share, in the same quarter a year earlier. Revenue fell 14% to $1.01 billion from $1.18 billion.

Excluding items such as impairment charges, merger costs and gains on divestments, 4th quarter net profit rose 10% to $151 million, or 58 cents per share, from $137 million, or 52 cents per share a year earlier.

According to a poll of analysts conducted by FactSet, the average forecast expected earnings is 48 cents per share on revenue of $1.09 billion.

Chief Financial Officer Michael Geltzeiler said that
"as we move into 2010, our new initiatives are gaining traction, we are aggressively moving forward with the Nyfix integration and we expect to realize the full-year benefit from cost reduction programs launched in 2009."

On Monday, sshares of NYSE Euronext, Inc. closed down 2.3%.