NYSE Euronext, the parent company of the New York Stock Exchange, has swung into a profit of $172 million for the three-month period ending December 31, 2009.
In the year-ago period, the company had a net loss of $1.33 billion, NYSE Euronext said in a statement today.
The company's total revenue declined to $1.13 billion in the October-December quarter of 2009 from $1.21 billion in the same quarter last fiscal.
"Our fourth quarter and full-year results were solid, reflecting growing revenue and earnings power driven by our new businesses and our continuing efforts to harmonise our technology infrastructure and trading platforms," NYSE Euronext Chief Executive Officer Duncan L Niederauer said.
The company has cut fixed operating expenses to $432 million in the fourth quarter of 2009 compared to $473 million in the year-ago period.
For the full-year ended December 31, NYSE Euronext has reported a net income of 219 million against a loss of $738 million in the year-earlier. The company's total revenue decreased to $4.68 billion in 2009 from $4.7 billion in the previous fiscal.