ICE: 2Q Earnings Snapshot
ATLANTA (AP) _ IntercontinentalExchange Group Inc. (ICE) on Thursday reported second-quarter net income of $455 million.
On a per-share basis, the Atlanta-based company said it had net income of 78 cents. Earnings, adjusted for one-time gains and costs, came to 90 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 89 cents per share.
The owner of the New York Stock Exchange and other stock markets posted revenue of $1.56 billion in the period. Its adjusted revenue was $1.25 billion, which also topped Street forecasts. Three analysts surveyed by Zacks expected $1.24 billion.
ICE shares have risen slightly more than 4 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 5 percent. The stock has increased 9.5 percent in the last 12 months.