IntercontinentalExchange Group Inc. (ICE) on Tuesday reported first-quarter earnings of $315 million.
On a per-share basis, the Atlanta-based company said it had net income of $2.80. Earnings, adjusted for one-time gains and costs, came to $3.06 per share.
Continue Reading Below
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.98 per share.
The owner of the New York Stock Exchange and other stock markets posted revenue of $1.16 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $845.6 million.
ICE shares have climbed slightly more than 3 percent since the beginning of the year, while the Standard & Poor's 500 index has increased nearly 3 percent. The stock has increased 12 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ICE at http://www.zacks.com/ap/ICE
Keywords: IntercontinentalExchange, Earnings Report