IntercontinentalExchange Earnings: Here’s Why Shares are Down Now
IntercontinentalExchange, Inc. (NYSE:ICE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.3%.
IntercontinentalExchange, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 12.31% to $2.19 in the quarter versus EPS of $1.95 in the year-earlier quarter.
Revenue: Rose 5.81% to $371.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: IntercontinentalExchange, Inc. reported adjusted EPS income of $2.19 per share. By that measure, the company beat the mean analyst estimate of $2.15. It beat the average revenue estimate of $367.58 million.
Quoting Management: ICE Chairman and CEO Jeffrey C. Sprecher said: “We delivered on our commitment to growth, achieving a record quarter while making continued progress on our acquisition of NYSE Euronext and seamlessly completing a significant clearing transition. We received approvals from shareholders of both companies and the European Commission and are working with regulators to finalize the transaction. Meanwhile, we remain focused on extending our risk management services and delivering on the needs of our customers around the globe.”
Key Stats (on next page)…