NYSE-parent ICE beats profit estimates on upbeat trading volumes

(Reuters) -Intercontinental Exchange on Thursday reported second-quarter profit above Wall Street estimates as higher trading volumes at the New York Stock Exchange parent more than offset weakness in its mortgage technology unit.

Revenue from ICE (NYSE:)’s exchanges segment, its biggest business, rose 9% to $1.09 billion from a year earlier, while the company’s mortgage technology segment saw a slump of 16% to $249 million.

The results round out an upbeat quarter for the biggest U.S. exchanges as Nasdaq and CME Group (NASDAQ:) also reported a rise in profit last month.

On an adjusted basis, ICE reported a profit of $1.43 per share for the quarter ended June 30, above analysts’ average estimates of $1.37 a piece, according to Refinitiv data.