February 6, 2020 / 12:37 PM / 13 days ago

NYSE-owner ICE posts 27% drop in quarterly profit

Feb 6 (Reuters) - Intercontinental Exchange Inc, which owns the New York Stock Exchange, reported a 27% fall in fourth-quarter profit on Thursday, hurt by muted growth in its transaction and clearing business.

Net income attributable to the company fell to $448 million, or 80 cents per share, in the quarter ended Dec. 31, from $611 million, or $1.07 per share, a year earlier.

Total revenue, excluding transaction-based expenses, fell nearly 1% to $1.30 billion. (Reporting by C Nivedita in Bengaluru and John McCrank in New York Editing by Saumyadeb Chakrabarty)

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