Tuesday, December 30, 2008

NYSE firms had tough third quarter

The 195 New York Stock Exchange member firms that conduct business with the public posted after-tax losses of $6.95 billion in the third quarter on revenue of $44.13 billion.

This compared with $2.49 billion in after-tax losses on revenue of $78.79 billion in third quarter of 2007.

The number of unprofitable firms increased to 78 in the third quarter from 55 in the year-ago period.

The number of profitable firms fell to 117 from 141.

The New York Stock Exchange is a unit of NYSE Euronext Inc.

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