NYX earnings - bluedog

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NYX earnings
May 06, 2008 02:38 PM UTC

bluedog

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Via Bluedog:

NYX beat earnings today, reporting net income of $230 million, or $0.87 (vs. $0.83e) per diluted share for Q1, a $162 million or 238% increase as compared to net income of $68 million, or $0.43 per diluted share, for Q1 2007.

Synergy with Euronext is on target... Joost van der Does de Willebois, Acting CFO, NYSE Euronext, added, "In addition to producing strong revenue growth, we are well on target to achieve our annual $250 million in technology-run rate savings. In the first quarter, we achieved $70 million in annual IT run-rate savings, which exceeds our previously announced $50 million goal."

It's nice to see a positive reaction to earnings. I plan on continuing to hold NYX as one of my core holdings. EPS should grow nicely over the next several years.

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