The facade of the New York Stock Exchange is framed by the NYSE holiday tree, Thursday, Dec. 20, 2012. Shares in the company that runs the New York Stock Exchange are surging amid reports that it is in talks to sell itself to a rival stock exchange, Atlanta-based IntercontinentalExchange Inc. (AP Photo/Richard Drew)
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The facade of the New York Stock Exchange is framed by the NYSE holiday tree, Thursday, Dec. 20, 2012. Shares in the company that runs the New York Stock Exchange are surging amid reports that it is in talks to sell itself to a rival stock exchange, Atlanta-based IntercontinentalExchange Inc. (AP Photo/Richard Drew)
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Early morning commuters pass the New York Stock Exchange Thursday, Dec. 20, 2012. Shares in the company that runs the New York Stock Exchange are surging amid reports that it is in talks to sell itself to a rival stock exchange, Atlanta-based Intercontinental Exchange Inc. (AP Photo/Richard Drew)
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NYSE logos top trading posts on the floor of the New York Stock Exchange Thursday, Dec. 20, 2012. Shares in the company that runs the New York Stock Exchange are surging amid reports that it is in talks to sell itself to a rival stock exchange, Atlanta-based IntercontinentalExchange Inc. (AP Photo/Richard Drew)
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Flags fly on the facade of the New York Stock Exchange Thursday, Dec. 20, 2012. Shares in the company that runs the New York Stock Exchange are surging amid reports that it is in talks to sell itself to a rival stock exchange, Atlanta-based IntercontinentalExchange Inc. (AP Photo/Richard Drew)
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A flag flies on the facade of the New York Stock Exchange Thursday, Dec. 20, 2012. Shares in the company that runs the New York Stock Exchange are surging amid reports that it is in talks to sell itself to a rival stock exchange, Atlanta-based IntercontinentalExchange Inc. (AP Photo/Richard Drew)
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A woman walks by the New York Stock Exchange Thursday, Dec. 20, 2012. Shares in the company that runs the New York Stock Exchange are surging amid reports that it is in talks to sell itself to a rival stock exchange, Atlanta-based IntercontinentalExchange Inc. (AP Photo/Richard Drew)
ICE fourth-quarter earnings edge higher
ATLANTA (AP) —
IntercontinentalExchange, which operates commodity futures and derivatives exchanges, said Wednesday that fourth-quarter earnings edged 2 percent higher despite costs related to its proposed acquisition of
NYSE Euronext.
The Atlanta-based exchange, known as ICE, reported net income of $129.5 million, or $1.76 per share, in the three-month period ended Dec. 31. That compares with $126.8 million, or $1.73 a share, in the same period a year ago.
Stripping out certain costs that weren't linked to its core business, net income for the quarter rose 5 percent to $135 million, or $1.84 a share.
Total revenue fell a little more than 1 percent from a year ago, to $323.4 million.
The results were better than the $1.74 per share and $321.1 million in revenue that analysts forecast, according to FactSet.
ICE said in December that it will buy NYSE Euronext, owner of the New York stock exchange, for $8 billion.
The company is expects $10 million to $12 million of acquisition costs in the first quarter, mainly due to the NYSE purchase. ICE will also spend $20 million to $30 million consolidating multiple locations in New York this year.
NYSE's CEO Duncan Niederauer said on a call with analysts Tuesday that he is "cautiously optimistic" that the merger will be completed in the second half of this year.
For all of 2012 ICE's revenue about 3 percent to a record $1.36 billion.
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