ICE: 4Q Earnings Snapshot
ATLANTA (AP) _ IntercontinentalExchange Group Inc. (ICE) on Thursday reported fourth-quarter earnings of $611 million.
On a per-share basis, the Atlanta-based company said it had net income of $1.07. Earnings, adjusted for one-time gains and costs, came to 94 cents per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.
The owner of the New York Stock Exchange and other stock markets posted revenue of $1.68 billion in the period. Its adjusted revenue was $1.31 billion, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $1.28 billion.
For the year, the company reported profit of $1.99 billion, or $3.43 per share. Revenue was reported as $4.98 billion.
ICE shares have climbed roughly 3 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen 9 percent. The stock has risen 7 percent in the last 12 months.