LONDON (Business News) - NYSE Euronext (NYX.N) said its profits fell by almost a third in the first quarter due to a difficult trading environment and costs from its failed merger with Deutsche Boerse (DB1Gn.DE).
The New York exchange said profits were down 32 percent to $ 121 million as revenue fell 17 percent to $ 952 million in the first quarter.
"Our first quarter results reflect the challenging operating environment which carried over into 2012 and will continue to result in near-term headwinds," said Duncan Niederauer, Chief Executive of NYSE Euronext.
The New York exchange said it incurred $ 31 million of merger and exit costs for the period including $ 16 million from a terminated merger with Deutsche Boerse (DB1Gn.DE).
NYSE canned the $ 7.4 billion merger in early February after the deal was rejected by European antitrust authorities, making it the fourth to be blocked among a series of large exchanges deals struck over the last year.
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