ICE Reports Earnings Beat in Q4
Atlanta, GA (AP) - IntercontinentalExchange Group Inc. (ICE) announced its fourth-quarter financial results on Thursday, surpassing Wall Street's expectations.
* Net income: $698 million, or $1.21 per share
* Adjusted earnings: $1.52 per share
* Revenue: $3.03 billion
* Adjusted revenue: $2.32 billion
For the full year, ICE reported:
* Net income: $2.75 billion, or $4.78 per share
* Revenue: $9.28 billion
Analysts surveyed by Zacks Investment Research had estimated adjusted earnings of $1.49 per share for the quarter.
Shares of ICE rose in premarket trading following the announcement.