This post was originally published on this site
(Reuters) – Intercontinental Exchange (NYSE:ICE) Inc reported a drop in fourth-quarter adjusted profit on Thursday, hurt by a slowdown in demand in its mortgage technology business.
On an adjusted basis, the company reported net income of $698 million, or $1.25 per share, for the quarter ended Dec. 31, compared with $761 million, or $1.34 per share, the year before.
