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IntercontinentalExchange Group (ICE) Tops Q3 EPS by 4c

October 28, 2015 7:36 AM

IntercontinentalExchange Group (NYSE: ICE) reported Q3 EPS of $2.91, $0.04 better than the analyst estimate of $2.87. Revenue for the quarter came in at $816 million versus the consensus estimate of $800.43 million.

"Our third quarter performance represents our fourth consecutive quarter of double-digit earnings growth. This was driven by strong performance in our commodities, cash equities, data services and listings businesses,” said ICE Chairman and CEO Jeffrey C. Sprecher. "Our focus on our customers and on our strategic objectives is providing near-term and long-term growth across all of our businesses.”

Scott A. Hill, ICE CFO, said: “We drove growth through a range of organic initiatives, while continuing to reduce expenses and expand operating margins. We also generated strong cash flow and maintained a strong balance sheet with low leverage which enabled us to return $847 million to shareholders through dividends and share repurchases during the first nine months of the year."

ICE expects fourth quarter 2015 adjusted operating expenses in the range of $330 million to $335 million.

For earnings history and earnings-related data on IntercontinentalExchange Group (ICE) click here.

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