ICE posts 3Q profit, results top Wall Street estimates

MarketsAssociated Press

IntercontinentalExchange Group Inc. (ICE) on Tuesday reported third-quarter earnings of $206 million.

The Atlanta-based company said it had profit of $1.80 per share. Earnings, adjusted for one-time gains and costs, were $2.15 per share.

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The results exceeded Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.02 per share.

The owner of the New York Stock Exchange and other stock markets posted revenue of $1.01 billion in the period, which also beat Street forecasts. Analysts expected $741.5 million, according to Zacks.

ICE shares have fallen almost 7 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 9 percent. The stock has increased slightly more than 7 percent in the last 12 months.

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This story was generated by Automated Insights (http://www.automatedinsights.com/ap ) using data from Zacks Investment Research. ICE stock research report from Zacks: http://www.zacks.com/ap/ICE .

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Keywords:ICE,Earnings Report