| NYSE Group, Inc. (NYX), last month reported net income of $30.3 million, or $0.24 per diluted share, for the three months ended March 31, 2006, compared to net income of $26.0 million, or $0.22 per diluted share, for the three months ended March 31, 2005. The results were presented in accordance with U.S. generally accepted accounting principles (GAAP).
First quarter 2006 GAAP results include the operations of the New York Stock Exchange, Inc. (NYSE, Inc.), for the full quarter and the operations of NYSE Arca (formerly known as the Archipelago Exchange, or ArcaEx®, and the Pacific Exchange) since the March 7 merger between NYSE, Inc., and Archipelago Holdings, Inc. Included in the first quarter 2006 GAAP results are a $37.7 million charge related primarily to a one-time compensation award granted to NYSE employees at the time of the merger as well as a $20.9 million gain on the sale of an equity investment. Fiscal 2005 results only included the operations of NYSE, Inc., the predecessor of NYSE Group.
Giving effect to the merger as if it occurred on Jan. 1, 2006, but excluding the compensation charges and gain on sale of an investment described above, the net income of NYSE Group for the three months ended March 31, 2006, was $52.7 million, or $0.34 per diluted share, a $15.4 million or 41 percent increase compared to net income of $37.3 million, or $0.23 per diluted share, for the same period a year ago.
For a copy of the NYSE Group’s earnings release and financial statements, go to www.nyse.com/press/1145441293912.html.
Click here for information about NYSE Group, Inc., and a cautionary note regarding forward-looking statements.
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