NYSE Euronext Profit Falls In 4th Quarter

PARIS (AP) - Stock exchange operator NYSE Euronext says its net profit fell 21.5 percent in the fourth quarter as a weaker euro and a drop in its derivatives operations in Europe weighed on sales and profitability in the period.

The company that runs the New York and Paris stock exchanges on Tuesday reported net profit fell to $135 million in the fourth quarter, down from $172 million a year earlier.

Revenue fell 8 percent to $1.05 billion from $1.13 billion a year earlier.

The company blames a drop in its European derivatives operations as well as lower volumes in its U.S. cash trading business.

Executive Vice President Michael Geltzeiler says NYSE Euronext's derivatives operations posted record volumes for the full year, while it stabilized its core cash trading markets.

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PARIS (AP) - Stock exchange operator NYSE Euronext says its net profit fell 21.5 percent in the fourth quarter as a weaker euro and a drop in its derivatives operations in Europe weighed on sales and profitability in the period.

The company that runs the New York and Paris stock exchanges reported net profit fell to $135 million in the fourth quarter, down from $172 million a year earlier.

The company blames a drop in its European derivatives operations as well as lower volumes in its U.S. cash trading business.

Executive Vice President Michael Geltzeiler says in a statement Tuesday that despite the "challenging trading volume environment" in the second half, NYSE Euronext's derivatives operations posted record volumes for the full year, while it stabilized its core cash trading markets.