IntercontinentalExchange Earnings: Everything You Must Know 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.

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IntercontinentalExchange, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 0.5% to $2.03 in the quarter versus EPS of $2.02 in the year-earlier quarter.

Revenue: Decreased 3.64% to $351.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: IntercontinentalExchange, Inc. reported adjusted EPS income of $2.03 per share. By that measure, the company beat the mean analyst estimate of $1.97. It beat the average revenue estimate of $348.26 million.

Quoting Management: ICE CFO Scott A. Hill added: “Our April year-to-date performance has us on track to achieve our 2013 objectives. Our work on developing clearing for NYSE Liffe continues on schedule, and we are serving customers in complying with mandatory swaps clearing. ICE’s open interest is up from 2012 and we continue to grow market participation. Finally, we continue to enhance our credit derivatives business to serve demand driven by financial reform and create new products that support the evolution of the market.”

Key Stats (on next page)…

Revenue increased 8.82% from $323.37 million in the previous quarter. EPS increased 10.33% from $1.84 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $2.17 to a profit $2.18. For the current year, the average estimate has moved up from a profit of $8.44 to a profit of $8.45 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)