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Saturday May 25th, 2019 7:12PM

ICE: 4Q Earnings Snapshot

By The Associated Press

ATLANTA (AP) _ IntercontinentalExchange Group Inc. (ICE) on Thursday reported fourth-quarter profit of $611 million.

On a per-share basis, the Atlanta-based company said it had net income of $1.07. Earnings, adjusted for one-time gains and costs, came to 94 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.

The owner of the New York Stock Exchange and other stock markets posted revenue of $1.68 billion in the period. Its adjusted revenue was $1.31 billion, which also topped Street forecasts. Three analysts surveyed by Zacks expected $1.28 billion.

ICE shares have climbed nearly 3 percent since the beginning of the year, while the Standard & Poor's 500 index has risen 9 percent. The stock has risen 7 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 https://www.zacks.com/ap/ICE

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