AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
FINANCE
Options exchange tops forecasts
International Securities Exchange, an electronic exchange for options trading, said Q4 EPS jumped 50% to 27 cents ex items, beating views by a penny. Sales rose 15% to $40.1 mil, driven by higher trading volumes. Full-year '05 profit rose 21% to 93 cents a share. The exchange, which went public in April, said it has plans to expand through joint ventures with other exchanges and exchange-to-exchange trading bridges. Shares rose 1.5% to 37.15.
Archipelago beats before merger
The electronic stock exchange, being bought by the NYSE, reported after hours that earnings rose 8% to 28 cents a share, excluding merger costs, topping views by 3 cents. Archipelago's revenue rose 44% to 184.9 mil. The merger is expected to close in a couple of weeks, turning the NYSE into a publicly traded, for-profit company. Archipelago rose in late trading.
Countrywide profit disappoints
The large residential mortgage lending firms reported Q4 earnings rose 68% to $1.03 a share, missing views ...