Euronext's first-quarter core profit drops as costs bite


May 15 (Reuters) - Pan-European exchange Euronext reported a fall in core earnings for the first quarter as costs stemming from its acquisition of the Irish Stock Exchange mounted.

Euronext, which looks set to win a five-month battle with Nasdaq for Oslo Bors , also said revenue grew thanks to the contribution from the Irish bourse in an environment of subdued volumes.

Earnings before interest, tax, depreciation and amortisation (EBITDA) fell 3 percent to 89.3 million euros ($100.07 million)in the quarter.

Euronext leads exchange rivals

This article appears in: Fundamental Analysis , World Markets , US Markets , Stocks , Earnings
Referenced Symbols: ENX ,

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