Exchange operator NYSE Euronext (NYX) said Monday that tough economic conditions will keep the company under pressure near-term as it reported a 44% net profit decline in the first quarter, hit by currency losses and charges from its failed merger with Germany's Deutsche Boerse AG (DB1.XE).

Net profit was $87 million compared with $155 million a year earlier, while revenue slipped to $601 million from $679 million, hurt in part by of lower trading volume in derivatives.

The company declared a cash dividend of $0.30 a share for the second quarter.

NYSE Euronext said it bought back 4.3 million shares at an average price of $29.73 per share in the first quarter.

First-quarter net revenue from the exchange's derivatives unit was $176 million, down 25% from a year earlier, including a $3 million hit from currency losses. The company attributed the revenue fall to lower trading volume and reduced pricing for individual equity options and index futures.

Revenue related to information services and technological solutions increased 4% in the first quarter to $121 million. It took a $2 million hit from currency fluctuations, NYSE Euronext said.

Following its failed tie-up with Deutsche Boerse, NYSE Euronext is launching a revamped two-year standalone plan aimed at lifting profit. The EU blocked the merger earlier this year on anti-trust grounds, as the would-be new company would have had a dominant 93% share of Europe's on-exchange derivatives business.

"Looking ahead into 2013 and 2014, we are focused on creating value by enhancing the underlying earnings power of the company and solidly executing on the three core pillars of our earnings growth strategy outlined at our investor day," Chief Executive Duncan Niederauer said in Monday's statement.

-By Noemie Bisserbe, Dow Jones Newswires; +33 1 4017 1756; noemie.bisserbe@dowjones.com

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