NYSE-owner ICE reports 26per cent fall in third-quarter profit

NYSE-owner ICE reports 26per cent fall in third-quarter profit

Intercontinental Exchange Inc , owner of the New York Stock Exchange, reported a 26per cent fall in third-quarter profit on Thursday, hurt by higher expenses, mainly related to the company's acquisition of mortgage tech firm Ellie Mae.

A nearly empty trading floor is seen as preparations are made for the return to trading at the NYSE
FILE PHOTO: A nearly empty trading floor is seen as preparations are made for the return to trading at the New York Stock Exchange (NYSE) in New York, U.S., May 22, 2020. REUTERS/Brendan McDermid

REUTERS: Intercontinental Exchange Inc , owner of the New York Stock Exchange, reported a 26per cent fall in third-quarter profit on Thursday, hurt by higher expenses, mainly related to the company's acquisition of mortgage tech firm Ellie Mae.

Net income attributable to the company fell to US$390 million, or 71 cents per share, for the quarter ended Sept. 30, from US$529 million, or 94 cents per share, a year earlier.

(Reporting by Niket Nishant in Bengaluru; Editing by Rashmi Aich)

Source: Reuters

Bookmark