Intercontinental Exchange (ICE) Tops Q1 EPS by 2c

Intercontinental Exchange (NYSE: ICE) reported Q1 EPS of $0.92, $0.02 better than the analyst estimate of $0.90. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.27 billion.

Financial Guidance

• ICE's second quarter 2019 data revenues are expected to be in a range of $550 million to $555 million.
• ICE's second quarter 2019 GAAP operating expenses are expected to be in a range of $615 million to $625 million and adjusted operating expenses(1) are expected to be in a range of $537 million to $547 million.
• ICE's full year 2019 GAAP operating expenses are expected to be in a range of $2.46 billion to $2.49 billion and adjusted operating expenses(1) are expected to be in a range of $2.15 billion to $2.18 billion.
• ICE's interest expense is expected to be $71 million in the second quarter.
• ICE's diluted share count for the second quarter is expected to be in the range of 563 million to 569 million weighted average shares outstanding.

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

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