NYSE Euronext reports $182 mn Q2 loss

Leading bourse NYSE Euronext has posted a loss of $182 million for the second quarter ended June 2009, primarily hit by one time charges.

The entity had a profit of $195 million in the same period a year ago, it said in a statement today.

NYSE Euronext's second quarter results include merger expenses and exit costs, mainly related to severance and a one-time contract termination charge of $355 million for NYSE Liffe Clearing.

"...The severance and termination charges resulted in a GAAP loss for the quarter," NYSE Euronext Chief Executive Officer Duncan L Niederauer said.

Total revenues rose to $1.25 billion in the June quarter from $1.06 billion in the same quarter a year ago.

 

NYSE Euronext is anticipating to reduce its headcount by about 230 people in Europe, 60 positions in the US through voluntary resignation incentive programme.

On a non-GAAP basis, the company said the second quarter results exclude "$87 million primarily related to the anticipated headcount reduction in Europe (about 230 employees) and a new voluntary resignation incentive programme (VRIP) in the US (about 60 employees)".