IntercontinentalExchange Group Inc. Q1 adjusted earnings Beat Estimates

(RTTNews) - IntercontinentalExchange Group Inc. (ICE) released earnings for its first quarter that rose from last year.

The company's bottom line came in at $650 million, or $1.17 per share. This compares with $484 million, or $0.85 per share, in last year's first quarter.

Excluding items, IntercontinentalExchange Group Inc. reported adjusted earnings of $708 million or $1.28 per share for the period.

Analysts had expected the company to earn $1.24 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 34.2% to $2.12 billion from $1.58 billion last year.

IntercontinentalExchange Group Inc. earnings at a glance:

-Earnings (Q1): $708 Mln. vs. $527 Mln. last year. -EPS (Q1): $1.28 vs. $0.92 last year. -Analysts Estimate: $1.24 -Revenue (Q1): $2.12 Bln vs. $1.58 Bln last year.

-Guidance: Next quarter revenue guidance: $565 - $570 Mln

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Markets Videos


    Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

    Learn More