NYSE Euronext reports 1Q profit

The newly formed NYSE Euronext today reported net income of $67.6 million in the first quarter for NYSE Group, a $37.3 million -- or 123% -- increase as compared to net income of $30.3 million from the year-ago period. Due to the fact that the combination between NYSE Group and Euronext NV was consummated on April 4, first quarter results include the operations of NYSE Group only, according to a statement from NYSE Euronext. The merger between NYSE Inc. and Archipelago Holdings Inc. was completed on March 7, 2006. As such, first quarter 2006 results include the full quarter results from the operations of NYSE, Inc., the predecessor of NYSE Group, and the operations of NYSE Arca since March 8, 2006. Included in results for the first quarter are $11.1 million in merger expenses consisting of professional and other fees incurred in connection with both the acquisition of the Archipelago businesses and the recently completed combination with Euronext NV and exit costs associated with the previously announced trading floor consolidation.