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.

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

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