ICE rises after third-quarter profit, revenue beat estimates
ICE•Intercontinental Exchange shares rose 3.1% in premarket trading after the company reported third-quarter adjusted earnings per share of $2.02, above estimates of $1.97, and net revenue of $2.77 billion, above estimates of $2.75 billion.
1. Quarterly results
Intercontinental Exchange reported third-quarter adjusted earnings per share of $2.02, beating estimates of $1.97. Net revenue was $2.77 billion, compared with analysts’ estimates of $2.75 billion.
2. Analyst ratings
Fourteen of 17 analysts rated the stock “strong buy” or “buy,” two rated it “hold” and one rated it “sell.” Their median price target was $183. The stock was down 3.7% year to date as of its last close.
