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ICE: Q1 Earnings Snapshot

April 29, 2021 GMT

ATLANTA (AP) _ IntercontinentalExchange Group Inc. (ICE) on Thursday reported first-quarter earnings of $646 million.

The Atlanta-based company said it had profit of $1.14 per share. Earnings, adjusted for one-time gains and costs, were $1.34 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.

The owner of the New York Stock Exchange and other stock markets posted revenue of $2.43 billion in the period. Its adjusted revenue was $1.8 billion, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.77 billion.

ICE shares have risen slightly more than 3% since the beginning of the year, while the S&P’s 500 index has increased 11%. The stock has climbed 32% in the last 12 months.

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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