UPDATE: IntercontinentalExchange Posts Upbeat Q4 Profit
IntercontinentalExchange Group (NYSE: ICE) posted a loss in the fourth quarter.
IntercontinentalExchange swung to a quarterly loss of $176 million, or $1.83 per share, versus a year-ago profit of $130 million, or $1.76 per share. Excluding one-time items, its earnings came in at $2 per share.
Its adjusted revenue came in at $612 million. However, analysts were estimating earnings of $1.95 per share on revenue of $620 million.
IntercontinentalExchange shares closed at $212.11 yesterday.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.