Intercontinental Exchange (ICE) Tops Q1 EPS by 4c, Revenues Beat
Intercontinental Exchange (NYSE: ICE) reported Q1 EPS of $1.28, $0.04 better than the analyst estimate of $1.24. Revenue for the quarter came in at $1.56 billion versus the consensus estimate of $1.55 billion.
| Jeffrey C. Sprecher, ICE Chairman & Chief Executive Officer, said, “Amidst these highly uncertain times, we are grateful for both our customers’ business and their trust. The dedication of our employees and our focus on leading technology is what provides the foundation for our global markets to operate smoothly in times of stress. This combination enabled us to generate the strongest quarter in our company’s history, reporting record revenues and double-digit earnings per share growth. As we look to the balance of the year, our focus remains on the safety of our employees, while also continuing to ensure that our markets, clearinghouses and related data services perform to the highest possible standards." |
Financial Guidance
- ICE's second quarter 2020 data revenues are expected to be in a range of $565 million to $570 million.
- ICE's second quarter 2020 GAAP operating expenses are expected to be in a range of $646 million to $656 million and adjusted operating expenses(1) are expected to be in a range of $575 million to $585 million.
- ICE's full year 2020 GAAP operating expenses are expected to be in a range of $2.607 billion to $2.657 billion and adjusted operating expenses(1) are expected to be in a range of $2.320 billion to $2.370 billion.
- ICE's second quarter 2020 non-operating expense(2) is expected to be in the range of $50 million to $55 million.
- ICE's full year 2020 capital expenditures are expected to be in a range of $300 million to $330 million.
- ICE's diluted share count for the second quarter is expected to be in the range of 546 million to 552 million weighted average shares outstanding.
For earnings history and earnings-related data on Intercontinental Exchange (ICE) click here.