February 7, 2017 / 12:50 PM / 6 months ago

NYSE-owner ICE's profits drop on higher expenses

NEW YORK, Feb 7 (Reuters) - Intercontinental Exchange Inc , the owner of the New York Stock Exchange, reported a drop in quarterly profit as higher expenses outweighed a doubling in data services revenues.

Net income attributable to the exchange and clearing house operator dropped to $352 million, or 59 cents per share, in the fourth quarter ended Dec. 31 from $370 million, or 66 cents per share, a year earlier. (Reporting by John McCrank)

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