ENXTPA:ENXCapital Markets
Euronext (ENXTPA:ENX) Stock Draws Support From Growth As Margins Ease
Euronext stock came into this earnings print on a solid run, with gains over the past week, month and quarter, yet the real story sits in the income statement. The market has been paying up for this exchange operator, with a trailing P/E of 22.8x, and today’s release explains why investors have been willing to do that. Q2 basic earnings per share reached €2.16 on revenue of €543.3m, and trailing net profit margin sits at 35.9%. The question now is whether that profit engine justifies the...