Intercontinental Exchange (ICE) Tops Q2 EPS by 3c

Intercontinental Exchange (NYSE: ICE) reported Q2 EPS of $1.07, $0.03 better than the analyst estimate of $1.04. Revenue for the quarter came in at $1.4 billion versus the consensus estimate of $1.39 billion.

Financial Guidance

• ICE's third quarter 2020 data revenues are expected to be in a range of $575 million to $580 million.
• ICE's third quarter 2020 GAAP operating expenses are expected to be in a range of $651 million to $661 million and adjusted operating expenses(1) are expected to be in a range of $580 million to $590 million.
• ICE's full year 2020 GAAP operating expenses are expected to be in a range of $2.617 billion to $2.667 billion and adjusted operating expenses(1) are expected to be in a range of $2.320 billion to $2.370 billion.
• ICE's third quarter 2020 non-operating expense(2) is expected to be in the range of $20 million to $25 million.
• ICE's full year 2020 capital expenditures are expected to be in a range of $350 million to $370 million.
• ICE's third quarter 2020 GAAP effective tax rate is expected to be in a range of 33% to 35% and adjusted effective tax rate(3) is expected to be in a range of 24% to 26%.
• ICE's fourth quarter 2020 GAAP and adjusted effective tax rate(3) is expected to be in a range of 22% to 24%.
• ICE's diluted share count for the third quarter is expected to be in the range of 542 million to 548 million weighted average shares outstanding.

For earnings history and earnings-related data on Intercontinental Exchange (ICE) click here.

You May Also Be Interested In

• Constellation Brands (STZ) Tops Q1 EPS by 18c
• FDA clears PM’s Zyn to market as lower cancer risk than cigarettes in 20 variants
• Chip tool stocks surge up to 9% on Samsung, SK’s $1.3 trillion Korea bet