NYSE Euronext (NYSE:NYX) reported adjusted Q2 EPS of $0.61, above the analyst estimates of $0.60 per share. Revenues for the quarter rose 1% to $661 million, better than consensus estimates of $652.70.
Michael S. Geltzeiler, Group Executive Vice President and CFO, NYSE Euronext commented, "In the second quarter, we continued to deliver on our commitments to shareholders. Revenues year-to-date are running 3% above prior year levels and fixed operating expenses on a constant dollar/portfolio basis are running 4% below prior year, despite increased costs accompanying higher technology revenues. As a result of our strong free cash flow generation and lower capital expenditures, we retired our outstanding commercial paper which lowered our debt-to-EBITDA ratio to 1.7 times in the second quarter. Our financial position continues to strengthen as we move forward with the final phase of our combination with Deutsche Boerse."
NYSE Euronext (NYSE:NYX) has a potential upside of 28.1% based on a current price of $33 and an average consensus analyst price target of $42.29.