Intercontinental Exchange (ICE) Tops Q2 EPS by 1c

Intercontinental Exchange (NYSE: ICE) reported Q2 EPS of $0.90, $0.01 better than the analyst estimate of $0.89. Revenue for the quarter came in at $1.25 billion versus the consensus estimate of $1.24 billion.

Guidance:

• ICE's third quarter 2018 data revenues are expected to be in a range of $530 million to $532 million.
• ICE's fourth quarter 2018 data revenues are expected to be in a range of $538 million to $542 million.
• ICE's third quarter 2018 GAAP operating expenses are expected to be in a range of $590 million to $600 million and adjusted operating expenses(1) are expected to be in a range of $520 million to $525 million.
• ICE's full year 2018 GAAP operating expenses are expected to be in a range of $2,355 million to $2,365 million and adjusted operating expenses(1) are expected to be in a range of $2,040 million to $2,050 million.
• ICE's interest expense is expected to be $67 million in the third quarter and $73 million in the fourth quarter.
• ICE's diluted share count for the third quarter is expected to be in the range of 575 million to 577 million weighted average shares outstanding and 577 million to 582 million for the full year, including only share repurchases completed through July 31, 2018.

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

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