NYSE Owner Intercontinental Exchange Q2 Beats on Robust Trading

The coronavirus pandemic has put a hard economic squeeze on many industries. Fortunately for shareholders of Intercontinental Exchange (NYSE: ICE), securities trading is not one of them. The company, whose prize asset is the New York Stock Exchange (NYSE), saw growth in every meaningful metric in its Q2 of fiscal 2020.

For the quarter, Intercontinental Exchange booked net revenue of just under $1.40 billion, which was up by 8% year over year and edged past the average analyst estimate of $1.39 billion. Non-GAAP (adjusted) net income saw a similar gain, rising 9% to $584 million ($1.07 per share). Those prognosticators collectively anticipated earnings per share (EPS) of $1.04.

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Source Fool.com