NYSE Euronext Q1 Earnings Plummet, Missing View (NYX)

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Stock exchange operator NYSE Euronext ( NYX ) on Monday posted first quarter earnings results that missed Wall Street expectations, citing a challenging operating environment.

The New York-based company reported first quarter net income of $87 million, or 34 cents per share, compared with $155 million, or 59 cents per share, in the year-ago period. Excluding one-time items, adjusted profit was 47 cents per share.

Revenue fell 11% from last year to $601 million.

On average, Wall Street analysts expected a higher profit of 48 cents per share, on larger revenue of $611.15 million.

CEO Duncan Niederauer commented, "Our first quarter results reflect the challenging operating environment which carried over into 2012 and will continue to result in near-term headwinds."

NYSE Euronext shares were inactive in premarket trading Monday.

The Bottom Line
Shares of NYSE Euronext ( NYX ) have a 4.43% dividend yield, based on Friday's closing stock price of $27.07. The stock has technical support in the $24 price area. If the shares can firm up, we see overhead resistance around the $30-$31 price levels.

NYSE Euronext ( NYX ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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