PARIS (AP) ? Exchange operator NYSE Euronext says its net income fell 75 percent in the fourth quarter of last year compared to a year earlier on the back of costs related to its upcoming takeover and debt refinancing.
In the last quarter of 2012, the owner of the New York Stock Exchange earned $28 million, compared with $110 million in the fourth quarter of 2011.
The company says Tuesday that excluding charges related to write-offs in preparation for its acquisition by Intercontinental Exchange and the refinancing, its earnings would have been $105 million against $130 million the year before.
Its 2012 earnings were down 29 percent at $462 million on falling trading volumes, largely related to the exceptional volatility that existed in markets in 2011.
Source: http://news.yahoo.com/takeover-costs-dent-nyse-euronexts-q4-profit-082233182--finance.html
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