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Stock Update - (NYSE:ICE) net income falls 31%, Shares Break $100 mark
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IntercontinentalExchange, Inc. (NYSE:ICE) fell 3.50% to $99.19 after Tuesday it reported third-quarter net income of $86.9 million, or $1.18 a share, compared with $75 million, or $1.04 a share, in the same quarter in 2008. Total revenue rose 27% to $256.3 million, the exchange operator said before the opening bell. The consensus Wall Street profit estimate was $1.15 a share, according to a Thomson Reuters poll of 18 analysts.
IntercontinentalExchange, Inc. (ICE) is an operator of regulated global futures exchanges and over-the-counter (OTC) markets. The Company operates the electronic futures and OTC marketplace for trading an array of energy, soft agricultural and agricultural commodities, credit default swaps (CDS) and financial products.
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