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NYSE Slides After Saying Second-Quarter Profit Declined 16%

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By Whitney Kisling and Nandini Sukumar

August 2, 2011 at 8:48 PM UTC

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NYSE Euronext, the U.S. exchange company that Deutsche Boerse AG is planning to buy, declined in New York trading after saying second-quarter profit fell on lower revenue from European derivatives and U.S. equity trading.

Net income decreased 16 percent to $154 million from $184 million a year earlier, the New York-based company said today in a statement. Excluding some items, earnings dropped to 61 cents a share, exceeding the 60-cent average estimate of 11 analysts surveyed by Bloomberg.