Intercontinental Exchange (ICE) Tops Q3 EPS by 4c, Revenues Beat
Intercontinental Exchange (NYSE: ICE) reported Q3 EPS of $1.03, $0.04 better than the analyst estimate of $0.99. Revenue for the quarter came in at $1.41 billion versus the consensus estimate of $1.38 billion.
Jeffrey C. Sprecher, ICE Chairman & Chief Executive Officer, said,
“Through the first nine months of this unprecedented year, we have grown revenues and operating income by double-digits and reported record earnings per share. In addition, in early September, we completed our strategic acquisition of Ellie Mae, expanding our mortgage network, while also enhancing the diversity and resilience of our long-term growth profile. As we begin to look to 2021, we are thankful for our customers business, and we are focused on continuing to drive innovation, deliver workflow efficiencies and extend our track record of growth"
Financial Guidance
- ICE's fourth quarter 2020 Data Services revenues are expected to be in a range of $590 million to $595 million.
- ICE's fourth quarter 2020 GAAP operating expenses are expected to be in a range of $855 million to $865 million and adjusted operating expenses(1) are expected to be in a range of $695 million to $705 million.
- ICE's fourth quarter 2020 non-operating expense(2) is expected to be in the range of $75 million to $80 million.
- ICE's full year 2020 capital expenditures are expected to be in a range of $410 million to $420 million.
- ICE's diluted share count for the fourth 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.