ATLANTA (AP) — ATLANTA (AP) — IntercontinentalExchange Group Inc. (ICE) on Thursday reported first-quarter net income of $797 million.
The Atlanta-based company said it had profit of $1.38 per share. Earnings, adjusted for one-time gains and costs, were $1.72 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.
The owner of the New York Stock Exchange and other stock markets posted revenue of $3.23 billion in the period. Its adjusted revenue was $2.47 billion, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $2.46 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ICE at https://www.zacks.com/ap/ICE
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