Intercontinental Exchange (ICE) Tops Q3 EPS by 7c, provides guidance

Intercontinental Exchange (NYSE: ICE) reported Q3 EPS of $1.46, $0.07 better than the analyst estimate of $1.39. Revenue for the quarter came in at $2 billion versus the consensus estimate of $1.99 billion.

Updated Financial Guidance

ICE\'s fourth quarter 2023 GAAP operating expenses are expected to be in a range of $1.21 billion to $1.22 billion. Adjusted operating expenses(1) are expected to be in a range of $955 million to $965 million.
ICE\'s fourth quarter 2023 GAAP non-operating expense(2) is expected to be in the range of $240 million to $245 million. Adjusted non-operating expense is expected to be in the range of $225 million to $230 million.
ICE\'s diluted share count for the fourth quarter is expected to be in the range of 572 million to 576 million weighted average shares outstanding.
ICE\'s full year capital expenditures is now expected to be in the range of $500 million to $525 million; includes four months of Black Knight.

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

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