LSEG reported a good set of numbers, especially on revenues which, aside topping estimates by 3.5%, were up 7% yoy (on an organic and constant currency basis). Total expenses were, however, short of expectations with a 5.3% miss driven by higher employee costs. Operating profit was therefore in line with expectations and 5% higher yoy. No material information regarding the ongoing merger was released. Total operating profit was -9% yoy as exceptional transactions costs (linked to the sale of
04 Aug 2016
Positive on revenues, higher than expected total expenses not an issue...
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Positive on revenues, higher than expected total expenses not an issue...
London Stock Exchange Group plc (LSEG:LON) | 9,066 1205.7 0.1% | Mkt Cap: 48,558m
- Published:
04 Aug 2016 -
Author:
Farhad Moshiri -
Pages:
3
LSEG reported a good set of numbers, especially on revenues which, aside topping estimates by 3.5%, were up 7% yoy (on an organic and constant currency basis). Total expenses were, however, short of expectations with a 5.3% miss driven by higher employee costs. Operating profit was therefore in line with expectations and 5% higher yoy. No material information regarding the ongoing merger was released. Total operating profit was -9% yoy as exceptional transactions costs (linked to the sale of