IntercontinentalExchange Group (ICE) Tops Q1 EPS by 3c
IntercontinentalExchange Group (NYSE: ICE) reported Q1 EPS of $3.68, $0.03 better than the analyst estimate of $3.65. Revenue for the quarter came in at $1.15 billion versus the consensus estimate of $1.16 billion.
Financial Guidance
- ICE expects full year 2016 data services revenues to increase in the range of 6% to 7% compared to 2015 pro forma data services revenues.
- ICE expects full year 2016 adjusted operating expenses in the range of $1.97 billion to $2.0 billion, including second quarter 2016 adjusted operating expenses in the range of $495 million to $505 million.
- ICE expects to realize expense synergies in the range of $85 million to $90 million in 2016.
- ICE's diluted share count for the second quarter and full year 2016 is expected to be in the range of 118 million to 121 million weighted average shares outstanding.
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