May 3, 2018 / 11:39 AM / 3 months ago

Exchange operator ICE's profit falls 7.8 pct

May 3 (Reuters) - Exchange operator Intercontinental Exchange Inc reported a 7.8 percent fall in first-quarter profit on Thursday, as it failed to grow its non-trading related businesses, which it has been focusing on.

Net income attributable to the company fell to $464 million, or 79 cents per share, in the first quarter ended March 31, from $503 million, or 84 cents per share, a year earlier.

Total revenue, excluding transaction-based expenses, rose 5 percent to $1.23 billion. (Reporting by Nikhil Subba in Bengaluru; Editing by Shailesh Kuber)

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