Why is Intercontinental Exchange (ICE) stock rocketing higher today
Shares of global market infrastructure company Intercontinental Exchange (NYSE:ICE) jumped 6% in the afternoon session after the company reported third-quarter revenue and adjusted earnings per share above estimates, pulled forward the expected close of its MarketAxess acquisition. According to a company press release, Intercontinental Exchange reported third-quarter net revenue of $2.8 billion, up 15%. Adjusted diluted earnings per share was $2.02, up 18% from $1.71 and above the estimate of $1
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