ICE: Fourth Quarter Earnings Overview

ICE Announces Strong Fourth-Quarter Earnings

IntercontinentalExchange Group Inc. (ICE), headquartered in Atlanta, revealed on Thursday that its net profit for the fourth quarter reached $851 million.

The company reported earnings of $1.49 per share, while adjusted earnings, which exclude one-time expenses, stood at $1.71 per share.

These figures surpassed analysts’ expectations, as a consensus of nine experts polled by Zacks Investment Research had predicted earnings of $1.67 per share.

ICE, which owns the New York Stock Exchange along with several other exchanges, generated $3.14 billion in revenue during the quarter. After adjustments, revenue was $2.5 billion, exceeding the $2.47 billion forecasted by seven Zacks analysts.