IntercontinentalExchange Beats Earnings Estimates (ICE)

Atlanta, Georgia based IntercontinentalExchange, Inc. (NYSE: ICE) announced on Monday morning that it beat consensus Wall Street earnings estimates.IntercontinentalExchange, which operates regulated futures exchange and over-the-counter markets, and derivatives clearing houses, reported 3rd quarter adjusted earnings of $1.42 per share, on revenue of $287.1 million.According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of $1.36 per share, on revenue of $287.62 million.Chairman and CEO Jeffrey C. Sprecher said, "At a time of considerable change and economic uncertainty, ICE delivered another solid quarter of growth, with an increasing number of futures and OTC customers relying on our global trading and technology platform, processing and clearing infrastructure. We continue to focus on delivering industry leading solutions to satisfy new transparency and risk mitigation standards and meet the needs of our customers through innovation." IntercontinentalExchange, Inc. (ICE) closed the previous trading day at $114.87 per share. Analysts covering the company's stock give it a consensus price target of $127.95 per share.Read more from Benzinga's Company news.