Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, April 26, 2012

Deutsche Boerse Q1 EBIT in line, hit by charge

Deutsche Boerse AG's first-quarter earnings before interest and taxes fell 19 percent to 260 million euros ($344 million), hit by a charge for the failed takeover of NYSE Euronext.Earnings were broadly in line with a Reuters poll, which had forecast Deutsche Boerse first-quarter EBIT of 263 million euros.Deutsche Boerse said it took a 16.6 million euro charge for its failed merger with NYSE Euronext, a deal which was blocked by the European Commission earlier this year.The operator of the Frankfurt Stock Exchange said financial market activity hit revenues, with volumes on the Xetra share trading platform down 15 percent, and volumes on Eurex down 16 percent.