NYSE Euronext Q2 Results Beat Street- Quick Facts

(RTTNews) - NYSE Euronext's (NYX) second-quarter GAAP net income attributable to the company climbed to $173 million, or $0.71 per share, from last year's $125 million, or $0.49 per share. Results for both the periods include $22 million and $12 million, respectively, of pre-tax merger expenses and exit costs. The company said the recent quarter's results also included a $10 million gain recorded for non-operating items due to the sale of a portion of our equity stake in LCH.Clearnet and a reserve release on a favorable settlement with certain European tax authorities which significantly reduced its GAAP effective tax rate.

Excluding merger expenses, exit costs, disposal activity and discrete tax items, three-month non-GAAP net earnings were $153 million, or $0.63 per share. On average, 14 analysts polled by Thomson Reuters expected earnings per share of $0.58 for the quarter. Analysts' estimates typically exclude one-time items.

Total revenues, less transaction-based expenses, which include Section 31 fees, liquidity payments and routing and clearing fees, stood at $611 million, versus $602 million in the 2012 second quarter, up by 1%. Analysts estimated revenues of $601.48 million for the quarter.