Intercontinental Exchange Inc on Thursday reported higher-than-expected fourth-quarter earnings as the exchange and clearing house operator further integrated its $11 billion purchase of NYSE Euronext from the year-earlier quarter.ICE said it earned $288 million in the quarter, or $2.54 a share, compared with a loss of $176 million a share, or $1.83 a year earlier following the purchase of the New York Stock Exchange owner.Excluding one-time items such as acquisition costs, ICE earned $2.59 a share, up 30 percent from a year earlier, topping the average estimate of analysts by 5 cents, according to Thomson Reuters I/B/E/S.Atlanta-based ICE bought NYSE to gain a foothold in the interest rate futures business through control of Liffe, Europe's No. 2 derivatives market. Following the acquisition, ICE spun off Euronext through an IPO. The company sold its remaining 6 percent stake in the European bourse operator for $119 million in the latest quarter.
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc. Shares of ICE traded higher by 1.72% or $3.63/share to $215.00. In the past year, the shares have traded as low as $182.40 and as high as $228.79. On average, 826674 shares of ICE exchange hands on a given day and today's volume is recorded at 1059568.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.86% or $0.34/share to $39.83. In the past year, the shares have traded as low as $33.21 and as high as $41.44. On average, 750395 shares of TRI exchange hands on a given day and today's volume is recorded at 782326.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 2.21% or $1.08/share to $50.01. In the past year, the shares have traded as low as $36.86 and as high as $50.28. On average, 727340 shares of TRI.TO exchange hands on a given day and today's volume is recorded at 729827.
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