Intercontinental Exchange Inc on Thursday reported higher-than-expected quarterly 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 fourth 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 and 5 cents above the average estimate by analysts, according to Thomson Reuters I/B/E/S. The upside came from higher revenue and lower expenses than expected, UBS analyst Alex Kramm said in a note to clients.ICE began as an energy exchange in 2000 and expanded quickly through acquisitions, with its growth influencing the evolution of the derivatives market from open outcry pits to electronic trading centers. The Atlanta-based company bought NYSE to gain a foothold in the interest rate futures business through control of Liffe, Europe's No. 2 derivatives market.
Intercontinental Exchange Inc, formerly IntercontinentalExchange Group, Inc. Shares of ICE traded higher by 4.27% or $9.17/share to $224.17. 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 658095.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI traded higher by 0.5% or $0.1999/share to $40.03. 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 282531.
Thomson Reuters Corporation (Thomson Reuters) is a provider of information for the world?s businesses and professionals. Shares of TRI fell by 0.6% or $-0.3/share to $49.71. 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 206942.
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