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.

Created by Dividend.com

This article appears in: Investing , Stocks

Referenced Stocks: NYX

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