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Wednesday, May 4, 2011

ICE CEO blasts NYSE's board, woos shareholders, (NYSE: ICE), (NYSE: NYX)

IntercontinentalExchange Inc (ICE.N), the company fighting to buy a piece of NYSE Euronext (NYX.N), said on Wednesday its profit rose a better-than-expected 26 percent on the back of hot energy futures trading. The exchange operator known as ICE earned $130.2 million, or $1.74 per share, in the first quarter, up from $103.5 million, or $1.36 per share, a year earlier. Excluding one-time items, the profit was $1.77 per share, better than the $1.69 expected on average by analysts, according to Thomson Reuters I/B/E/S. Revenue jumped 18 percent to $334.3 million in the period that included unrest in oil-rich North Africa and the earthquake and tsunami in Japan. Analysts were expecting $329.6 million.

IntercontinentalExchange, Inc. (ICE) is an operator of global futures exchange and over-the-counter (OTC) markets and derivatives clearing houses. Shares of ICE fell by 2.52% or $-2.935/share to $113.515. In the past year, the shares have traded as low as $92.18 and as high as $135.38. On average, 792977 shares of ICE exchange hands on a given day and today's volume is recorded at 417369.

NYSE Euronext is a global operator of financial markets and provider of trading technologies. Shares of NYX fell by 0.9% or $-0.36/share to $39.63. In the past year, the shares have traded as low as $26.42 and as high as $41.18. On average, 6118620 shares of NYX exchange hands on a given day and today's volume is recorded at 916968.



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