Euronext profits down, revenues up

Euronext NV today reported a 4.4% profit loss during the first quarter, due to a reclassification of the company’s stake in LCH.Clearnet. Quarterly revenues gained, however, reaching $417.4 million from $385.2 million in the prior year. High levels of activity in Euronext’s cash and derivatives markets helped bump operating income figures: The group posted nearly 74 million cash transactions, up from 57.7 million in the first quarter of 2006. Meanwhile, record derivatives trading volumes raked in $155.3 million in revenues, up from $131.8 million in the same period last year. Total operating income also fared well in the first three months, hitting a record $194.7 million from $147.8 million in 2006. Euronext NV is a subsidiary of NYSE Euronext.