ATLANTA (AP) — ATLANTA (AP) — IntercontinentalExchange Group Inc. (ICE) on Thursday reported fourth-quarter net income of $373 million.
The Atlanta-based company said it had net income of 65 cents per share. Earnings, adjusted for non-recurring costs, came to $1.33 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.
The owner of the New York Stock Exchange and other stock markets posted revenue of $2.67 billion in the period. Its adjusted revenue was $2.2 billion, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $2.19 billion.
For the year, the company reported profit of $2.37 billion, or $4.19 per share. Revenue was reported as $7.99 billion.
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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 https://www.zacks.com/ap/ICE