SmarTrend(R) News Watch: NYSE Euronext Beats EPS Estimates, Reduces Costs

NYSE Euronext (NYSE:NYX) reported Q1 EPS of $0.43, ex-items, beating consensus analyst estimates of $0.39. Revenue rose 0.1% to $1.11 billion, missing consensus estimates of $1.12 billion. CEO Duncan L. Niederauer commented, "Despite adverse market conditions, we have stayed focused on executing our two pronged strategy, to broaden and diversify our streams of revenue, and at the same time, reduce our costs and make us more efficient, streamlined and agile." Commenting on cost cuts, Michael S. Geltzeiler, Executive VP and CFO said, "In the first quarter, we accelerated our cost efficiency initiatives, which resulted in a $51 million decline in fixed costs compared to the fourth quarter of 2008."

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Related terms: ceo, eps, executive, market, nyse, revenue