InterContinental Exchange Hits Quarterly Profit

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Earnings Analysis:

InterContinental Exchange Hits Quarterly Profit

Author: 123jump.com Staff
123jump.com
Last Update: 2:09 PM EST February 07 2007

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Trump Entertainment Resorts fourth-quarter loss narrowed 56% on higher revenue and lower costs but results fell short of Wall Street expectations. Timken fourth-quarter profit fell 63%, hurt by a slowdown in automotive production and the sale of company’s steel unit. InterContinental Exchange swung to a fourth-quarter profit compared with a year-ago loss due to charges. Consolidated third-quarter profit soared 66% on higher revenue, sending company’s stock to a fresh 52-week high.

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