Intercontinental Exchange 1Q Profit Falls, Revenue Rises
29 April 2021 - 10:10PM
Dow Jones News
By Dave Sebastian
Intercontinental Exchange Inc. said its profit for the first
quarter fell as expenses edged up, though revenue rose.
The New York Stock Exchange operator on Thursday posted net
income attributable to the company of $646 million, compared with
$650 million in the year-ago period. Earnings were $1.14 a share,
compared with $1.17 a share in the same period last year.
Adjusted earnings were $1.34 a share. Analysts polled by FactSet
were expecting $1.31 a share.
Net revenue was $1.8 billion, compared with $1.56 billion in the
year-ago period. Analysts were looking for $1.78 billion.
Operating expenses rose to $905 million from $677 million.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
April 29, 2021 07:55 ET (11:55 GMT)
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