intercontinental exchange inc swung to a surprise loss in the third quarter after it took a noncash charge on its stake in cryptocurrency platform bakkt holdings inc the exchange operator and mortgagedata provider posted a net loss attributable to the company of 191 million compared with a profit of 633 million in the same period a year earlier on a pershare basis the loss came to 34 cents a share compared with earnings of 112 a share according to factset analysts were expecting earnings of 97 cents a share for the quarter the company attributed the results to losses at bakkt a cryptocurrency platform that went public about a year ago through a merger with a specialpurpose acquisition company at the time of the merger intercontinental exchange held a 68 economic interest in the company intercontinental exchange said last week that it would reduce the carrying value of its stake in bakkt to about 400 million as of sept 30 down from 15 billion on june 30 shares of bakkt are down almost 77 this year stripping out onetime items adjusted earnings came to 131 a share analysts surveyed by factset were expecting adjusted earnings of 127 a share revenue rose to 239 billion from 228 billion revenue excluding transactionbased expenses rose to 181 billion from 180 billion analysts were expecting revenue of 180 billion according to factset write to will feuer at willfeuerwsjcom