Bear of the Day: NYSE Euronext – Bear of the Day
Posted on January 08, 2013 at 07:15 AM EST
NYSE Euronext's (NYX) third quarter earnings breezed past the Zacks Consensus Estimate but plunged year over year based on weak volumes and pricing across trading venues, which led to a reduced top line and lower operating margin. However, lower expenses partially offset the downsides, although capital deployment remained intact. The proposed merger with ICE should [...]