Euronext released its FY2016 results this morning. Once again the beat at the bottom-line was driven by another strong quarter of cost management. Total income at €496.4m is roughly in line with both consensus expectations and ours. Total expenses at €227.6m are lower than the €232m expected. All in all and thanks to lower tax expenses, net income at €197m is 7.6% higher than expectations and 4.2% higher than our own expectations.
15 Feb 2017
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Euronext NV (ENX:WBO) | 0 0 1.2% | Mkt Cap: 3,756m
- Published:
15 Feb 2017 -
Author:
Farhad Moshiri -
Pages:
2
Euronext released its FY2016 results this morning. Once again the beat at the bottom-line was driven by another strong quarter of cost management. Total income at €496.4m is roughly in line with both consensus expectations and ours. Total expenses at €227.6m are lower than the €232m expected. All in all and thanks to lower tax expenses, net income at €197m is 7.6% higher than expectations and 4.2% higher than our own expectations.