UPDATE 2-Nasdaq earnings fall on deal costs, but payoffs have begun

Wed Jul 24, 2013 2:19pm EDT
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* Q2 earnings of 62 cents/share, minus one-time items

* Nasdaq closed two deals in the quarter

* Revenues up 8 pct to $451 mln, beats expected $441.4 mln

By John McCrank

July 24 (Reuters) - Nasdaq OMX Group reported a 5.4 percent decline in quarterly profit on Wednesday, mainly due to costs from two recently completed acquisitions, but the transatlantic exchange operator said one of the deals has already begun adding to earnings.

Nasdaq now faces a large task in fully integrating the two new businesses, and it is done deal-making in the near-term, Chief Executive Robert Greifeld said in an interview.

However, if the European unit of NYSE Euronext were to come on the market a year from now, Nasdaq would be in the mix, he said.

"If it's mid-next-year, we'd have to be in the discussion," Greifeld said. "I wouldn't know our level of interest, but I would be remiss in not being involved in the discussion."

Nasdaq in the second quarter closed a $390 million acquisition of Thomson Reuters Corp's investor relations, public relations and multimedia services businesses. It also financed a $750 million deal to buy eSpeed, the electronic Treasuries-trading platform, from BGC Partners Inc , a deal that closed last month.   Continued...