(RTTNews) - Thursday, financial market data provider Interactive Data Corp. (IDC: News ), reported an increase in profit for the third quarter, helped by a rise in revenues as well as a decline in expenses. The company lifted its guidance and reaffirmed revenue outlook for the full year.

Bedford, Massachusetts-based Interactive Data's third quarter net income attributable to the company rose by 17.5% to $43.13 million or $0.45 per share from $36.72 million or $0.38 per share in the third quarter last year. Excluding adjustments related to acquisitions and foreign exchange, income from operations increased by 13.3% to $57.66 million from $50.88 million a year earlier.

On average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.35 per share. Analysts' estimates typically exclude one-time items.

Subsidiary of Pearson plc, Interactive Data's quarterly revenue increased by 1.9% to $192.1 million from $188.6 million in the year-ago period. On non-GAAP basis, excluding effects of acquisitions and foreign exchange, revenue was $193.90 million, up from $187.19 million a year-ago. Analysts expected revenues of $185.73 million for the quarter.

Ray D'Arcy, Interactive Data's president and chief executive officer said, "Organic revenue grew 3.6% in the third quarter of 2009 over the same period last year due to the resiliency in our fixed income evaluations and reference data product areas, and a solid performance in Europe."
North American revenue declined slightly by 0.1% to $133.03 million from $133.13 million a year-ago, European segment revenue rose moderately by 0.1% to $50.69 million from $50.64 million last year, and revenues from Asia-Pacific climbed 73.5% to $8.37 million from $4.82 million for the same period last year.

On segment basis, Interactive Data Real-Time Services generated revenue of $36.2 million, a drop of $1.9 million or 5.1% year-over-year. Interactive Data Fixed Income Analytics reported revenue of $8.2 million, which was essentially unchanged from last year. eSignal's third-quarter revenue was $20.9 million, a 7.3% decline from year-ago period.

For the third quarter, Kler's Financial Data Service S.r.l., which the company acquired in August 2008, contributed incremental revenue of $0.9 million and NTT DATA Financial, in which the company acquired an 80% interest in December 2008 and later acquired an additional 10% interest during the second quarter of 2009, contributed an incremental $2.2 million to third-quarter 2009 revenue.

To receive FREE breaking news email alerts for Interactive Data Corp. and others in your portfolio

 1   2   Next Page