Intercontinental Exchange (ICE) Tops Q1 EPS by 4c

Intercontinental Exchange (NYSE: ICE) reported Q1 EPS of $1.34, $0.04 better than the analyst estimate of $1.30. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.77 billion.

Financial Guidance:

• ICE's second quarter 2021 total recurring revenues are expected to be in a range of $844 million to $859 million.
• ICE's second quarter 2021 GAAP operating expenses are expected to be in a range of $895 million to $905 million and adjusted operating expenses(1) are expected to be in a range of $742 million to $752 million.
• ICE's full year 2021 GAAP operating expenses are expected to be in a range of $3.545 billion to $3.595 billion and adjusted operating expenses(1) are expected to be in a range of $2.880 billion to $2.930 billion to include incremental Bakkt expense and increased FX.
• ICE's second quarter 2021 GAAP non-operating expense(2) is expected to be in the range of $97 million to $102 million and adjusted non-operating expense is expected to be in the range of $105 million to $110 million.
• ICE's diluted share count for the second quarter is expected to be in the range of 562 million to 568 million weighted average shares outstanding.

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

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