Intercontinental Exchange 3Q Revenue Grows, Beats Analyst Expectations
28 October 2021 - 11:13PM
Dow Jones News
By Matt Grossman
Intercontinental Exchange Co. on Thursday posted greater revenue
and earnings year over year in the third quarter.
The Atlanta-based markets company logged earnings of $1.12 a
share, up from 71 cents a share a year ago. Net income rose to $633
million, from $390 million.
Stripping out one-time items, adjusted earnings were $1.30 a
share. Analysts polled by FactSet had forecast adjusted earnings of
$1.22 a share.
Revenue grew to $2.28 billion, from $1.93 billion a year
earlier. Analysts were forecasting sales of $1.75 billion.
Exchange revenue grew 17% to $959 million. Fixed-income and
data-services sales rose 6% to $477 million. Mortgage-technology
revenue was $366 million, up from $143 million a year ago.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
October 28, 2021 07:58 ET (11:58 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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