*NYSE misses estimates :( WTF
NYSE Euronext (NYSE Euronext: NYX) today reported net income of $161 million, or $0.62 per diluted share, for the three months ended June 30, 2007, a 164% increase as compared to net income of $61 million, or $0.39 per diluted share, for the three months ended June 30, 2006. These results are presented in accordance with U.S. Generally Accepted Accounting Principles (GAAP).
Giving effect to the combinations as if they had occurred at the beginning of the earliest period presented, but excluding merger expenses, exit costs and other non-recurring items, NYSE Euronext’s net income on a non-GAAP basis for the three months ended June 30, 2007 would have been $172 million, or $0.65 per diluted share, a $39 million or 29% increase as compared to net income of $133 million, or $0.50 per diluted share, for the three months ended June 30, 2006. In addition, on a non-GAAP basis, operating income grew 27% to $275 million for the second quarter of 2007 from $217 million in the year-ago period. A full reconciliation of these non-GAAP results is included in the attached tables.
Listen to the conference call, before you take any action.
The news comes out mixed as the non-GAAP still sits at 65 cents 2 cents higher than the estimates. The market awaits to see how the BIG MONEY reacts to the news. The non-GAAP profit looks Will this bring another so called ‘BUYING OPPURTUNITY’ of cramerica…or will it stay and start it’s ride higher?
Get some puts to hedge yourself. Best of luck with your trades….but the horizon looks very rough.
Wait and see.
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