ICE volume surge spurs quarterly results
Intercontinental Exchange reported a 53% leap in profit for its Q3 results due mostly by higher volume.
Net income rose 52.8% to $66.7m from $43.6m a year earlier while net revenue rose to $151.7m, 60% up on Q3 earnings in 2006.
Consolidated operating expenses for the third quarter of 2007 were $50.9 million, an increase of 73.7% compared to $29.3 million in the same period of 2006.
Third quarter 2007 consolidated operating income was $100.9 million, up 54.3% compared to $65.4 million in the same period in 2006. Operating margin was 66.5% for the third quarter of 2007, compared to 69.1% for the same period in 2006.
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