IntercontinentalExchange Group (ICE) Tops Q2 EPS by 13c

IntercontinentalExchange Group (NYSE: ICE) reported Q2 EPS of $2.90, $0.13 better than the analyst estimate of $2.77. Revenue for the quarter came in at $797 million versus the consensus estimate of $797.64 million.

"Our focus on achieving our objectives resulted in another record quarter. This was driven by diverse contributions across commodities, cash equities, data services and listings,” said ICE Chairman and CEO Jeffrey C. Sprecher. "We are executing on many strategic growth initiatives across our derivatives and equity markets, and are focused on innovation to better serve our customers while delivering strong returns for our shareholders.”

Scott A. Hill, ICE CFO, said: “We again grew revenues and reduced expenses while taking a disciplined approach to investing in growth. All of this enabled us to grow adjusted earnings 27% year on year. We continue to generate strong cash flow and maintain a strong balance sheet with low leverage. We retired $1 billion in debt and returned $288 million to shareholders through dividends and share repurchases during the quarter."

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

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