NYSE Announces First-Quarter 2000 Financial Results

The New York Stock Exchange reported revenues of $189.0 million and net income of $22.9 million in first-quarter 2000, compared with $177.2 million and $27.9 million, respectively, in first-quarter 1999. The Exchange also reported income before interest, depreciation and income taxes for the same periods as $46.9 million in 2000, compared with $57.9 million in 1999.

Expenses were $150.4 million in first-quarter 2000, compared with $128.2 million in the year-ago period. Average daily trading volume for first-quarter 2000 was 1.1 billion shares, compared with 799.8 million shares in the comparable period of 1999. In first-quarter 2000, 18 companies joined the list of NYSE-listed stocks, compared with 32 in the year-ago period.