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Revenue from ICE (NYSE:ICE)’s exchanges segment, its biggest business, rose 9% to $1.09 billion from a year earlier, while the company’s mortgage technology segment saw a slump of 16% to $249 million.
The results round out an upbeat quarter for the biggest U.S. exchanges as Nasdaq and CME Group (NASDAQ:CME) also reported a rise in profit last month.
On an adjusted basis, ICE reported a profit of $1.43 per share for the quarter ended June 30, above analysts’ average estimates of $1.37 a piece, according to Refinitiv data.
