NYSE Euronext Q4 Profit Plummets 22%, but Still Beats View (NYX)

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Stock exchange operator NYSE Euronext ( NYX ) on Tuesday said its fourth quarter profit plunged 22% from last year on lower trading volumes, but adjusted results still beat analyst expectations.

The New York-based company reported fourth quarter net income of $120 million, or 46 cents per share, compared with $151 million, or 58 cents per share, in the year-ago period.

Revenue fell 4% from last year to $613 million.

On average, Wall Street analysts expected a smaller profit of 43 cents per share, on lower revenue of $611 million.

NYSE Euronext shares fell 55 cents, or -1.6%, in premarket trading Tuesday.

The Bottom Line
Shares of NYSE Euronext ( NYX ) have a 3.55% dividend yield, based on last night's closing stock price of $33.76. The stock has technical support in the $28-$30 price area. If the shares can firm up, we see overhead resistance around the $35-$40 price levels.

NYSE Euronext ( NYX ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 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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