By Dave Sebastian

Intercontinental Exchange Inc. said its profit for the first quarter fell as expenses edged up, though revenue rose.

The New York Stock Exchange operator on Thursday posted net income attributable to the company of $646 million, compared with $650 million in the year-ago period. Earnings were $1.14 a share, compared with $1.17 a share in the same period last year.

Adjusted earnings were $1.34 a share. Analysts polled by FactSet were expecting $1.31 a share.

Net revenue was $1.8 billion, compared with $1.56 billion in the year-ago period. Analysts were looking for $1.78 billion.

Operating expenses rose to $905 million from $677 million.

Write to Dave Sebastian at dave.sebastian@wsj.com

(END) Dow Jones Newswires

April 29, 2021 07:55 ET (11:55 GMT)

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