NYSE-parent ICE beats profit estimates on robust trading volumes

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New York Stock Exchange-parent Intercontinental Exchange (ICE.N) beat analysts' expectations for third-quarter profit on Thursday as a volatile market boosted trading volumes.

Traders work on the floor at the New York Stock Exchange in New York City, U.S., October 27, 2023.

Brendan McDermidRevenue from its biggest exchanges segment rose 11% to $1.11 billion, buoyed by a broader market recovery and investors churning their portfolio to hedge against risks from uncertainty over the economy and interest rates.On an adjusted basis, the company reported a profit of $1.46 per share for the three months ended Sept. 30, compared with analysts' average estimate of $1.39, according to LSEG data.

 

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