NYSE Euronext's focus on cutting costs amid a lackluster trading environment helped it beat profit expectations for the fourth quarter, and the exchange operator pledged to further reduce expenses as it prepares for its proposed sale to IntercontinentalExchange (ICE).The Big Board parent said on Tuesday its net income for the quarter was $28 million, or 12 cents a diluted share, compared with $110 million, or 43 cents a share a year earlier.Stripping out one-time items, such as costs related to the exchange operator's $8.2 billion takeover by ICE, the write-off of clearing investments and debt refinancing, net income was 43 cents a share. That was 5 cents above analysts' expectations, according to Thomson Reuters I/B/E/S.Shares of NYSE were up 0.4 percent at $35.02 in New York in late morning trade.
NYSE Euronext is a global operator of financial markets and provider of trading solutions. Shares of NYX traded higher by 0.52% or $0.18/share to $35.05. In the past year, the shares have traded as low as $22.25 and as high as $35.05. On average, 5091110 shares of NYX exchange hands on a given day and today's volume is recorded at 914081.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.53% or $0.16/share to $30.56. In the past year, the shares have traded as low as $26.20 and as high as $31.18. On average, 770824 shares of TRI exchange hands on a given day and today's volume is recorded at 201082.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.46% or $0.14/share to $30.50. In the past year, the shares have traded as low as $26.47 and as high as $31.22. On average, 856405 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 541311.
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