The NYSE Group Inc. reported net income of US$61.2 million for the three months ended June 30, compared to $30.3 million for the prior quarter, and $13.0 million for the quarter last year.
Second quarter 2006 results include the full quarter results from the operations of NYSE Arca. Included in the second quarter results are US$9.7 million in merger expenses and related exit costs consisting of severance costs (US$5.8 million), legal, printing and accounting fees incurred in connection with the May selling shareholder offering of common stock (US$2.1 million), and other professional fees (US$1.8 million).
“NYSE Group’s second quarter performance was strong, as the balance between revenue growth and cost management demonstrates,” said Nelson Chai, executive vice president and chief financial officer. “We remain focused on growing and delivering on our core business priorities. The strength of our transaction and listing businesses, the announcement of our plans to merge with Euronext N.V., and our new transaction pricing model reflect our commitment to these goals.
“Additionally, we continue to make significant progress on the NYSE-Archipelago merger integration initiative and with the approaching introduction of a number of new products and services in the coming months, NYSE Group is well positioned for future growth and substantial value creation for our shareholders. As we continue to meet our integration goals, we expect NYSE Group’s results to reflect the realization of these efficiencies,” he added.