American bourse NYSE Euronext today said that it has swung to a profit of $184 million in the April-June quarter of the year, driven by strong revenues and a robust trading volume.
The entity had posted a net loss of $182 million in the year-ago period, NYSE Euronext said in a statement.
The company's net revenue rose by 7 per cent from the year-ago period to $654 million in the second quarter ended June 30, 2010.
"Our strong second quarter results were driven by robust trading volumes, strong revenue generation from new initiatives across our segments and continued cost discipline," said NYSE Euronext CEO Duncan L Niederauer.
The company said that its second quarter earnings include a pre-tax gain of $54 million from asset disposals and $32 million of pre-tax merger and exit costs, compared to $442 million a year earlier.
The exchange said that due to the strengthening of the dollar, it is lowering its cost guidance. It now expects full-year fixed operating expenses in the range of $1.69 billion to $1.73 billion.
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NYSE Euronext further noted that it had reduced its outstanding debt by $538 million since the beginning of the year.
The company said its board will pay a third-quarter net dividend of 30 cents a share.
In the April-June period, the company had reduced its workforce by 11 per cent from the previous quarter to 2,993 employees -- down 15 per cent from June 30, 2009.
NYSE Euronext is a leading global operator of financial markets and a provider of innovative trading technologies.