(NYX) NYSE Euronext Seeks China Market Listing

NYSE Euronext Inc. (NYX) is keen on gaining a listing in China as the country is gearing up to allow such listings.

NYSE Euronext is awaiting final confirmation from China’s securities regulator, which is working on setting up a board in Shanghai for listing of firms across the globe. However, the regulator has not yet issued specific guidelines.

Numerous foreign companies Incorporatedluding the global banking giant HSBC Holdings Plc (HBC) and PC maker Lenovo Group (LHL) have expressed interest in listing on China’s new board.

NYSE Euronext reported third quarter results on Nov 2. The company swung to a GAAP net income of $125 million or 44 cents per share from a GAAP net loss of $182 million in the prior quarter and a net income of $174 million or 66 cents in the year-ago period. Results included a one-time charge related to merger expenses and exit costs, the impact of the disposition of Hugin Group B.V., the sale of investments in BM&F Bovespa and a fair value adjustment to investment in BIDS Holdings L.P.

Excluding these charges, pro forma earnings per share came in at 53 cents, beating the Zacks Consensus forecast by more than 18%, or 8 cents. The upside was attributable to growth in the company’s core businesses, significant progress from new initiatives which offset lower trading volumes.

Zacks Investment Research

Related Posts:

  1. (NYX) NYSE Euronext Beats Consensus by 18%NYSE Euronext Inc. (NYX) reported third-quarter results on Friday. The company swung to a GAAP...
  2. (NYX) NYSE Euronext Announces Exchange VolumesOn Oct. 7, NYSE Euronext, Inc. (NYX) announced trading volumes for its global cash equities...
  3. ($AHR) Anthracite Capital Hears from the NYSE on Listing StandardsAnthracite Capital Inc. (AHR), a real estate finance company operating as a real estate investment...
  4. (PTR) China’s Energy Acquisition: Three Ways To Invest In Chinaby David Fessler, Advisory Panelist Every country needs a few basic ingredients in order to...
  5. (BBI) Blockbuster (NYSE: BBI) – Another Nail In The CoffinBlockbuster (NYSE: BBI) – Another Nail In The Coffin Can you hear that, Blockbuster (NYSE:...
  6. (TM) Toyota (NYSE:TM): A First Time For EverythingToyota (NYSE:TM): A First Time For Everything This morning, Toyota Motor Corporation (NYSE: TM) announced...


Search Posts by Tag: | | | | Diversified Investments | Financial

RSS Feeds by Tag: HBC | HSBC HLDGS PLC ADS | Nyse Euronext Inc | NYX | Diversified Investments | Financial |

Other Posts by: | RSS Feed for this author