Intercontinental Exchange (ICE) Tops Q1 EPS by 2c

Intercontinental Exchange (NYSE: ICE) reported Q1 EPS of $0.90, $0.02 better than the analyst estimate of $0.88. Revenue for the quarter came in at $1.2 billion versus the consensus estimate of $1.22 billion.

Financial Guidance

• ICE's second quarter 2018 GAAP operating expenses are expected to be in a range of $570 million to $580 million and adjusted operating expenses(1) are expected to be in a range of $500 million to $510 million.
• ICE's full year 2018 GAAP operating expenses are expected to be in a range of $2.28 billion to $2.32 billion and adjusted operating expenses(1) are expected to be in a range of $2.00 billion to $2.04 billion.
• ICE's interest expense is expected to be $55 million in the second quarter.
• ICE's diluted share count for the second quarter is expected to be in the range of 581 million to 583 million weighted average shares outstanding and 580 million to 585 million for the full year.

For earnings history and earnings-related data on Intercontinental Exchange (ICE) click here.

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