ICE's First-Quarter Earnings Growth Was Hot
On Thursday morning, Intercontinental Exchange (NYSE: ICE) reported record revenue in the first quarter and double-digit percentage earnings growth.
The company, which owns 12 different financial and commodity exchanges, including the New York Stock Exchange, and six clearinghouses, saw revenues increase 23% year over year to $1.6 billion. It also had a record-high operating margin of 57%. Net income was $650 million with diluted earnings per share (EPS) up 38% to $1.17.
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Source Fool.com
