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)…

Revenue increased 5.6% from $351.9 million in the previous quarter. EPS increased 7.88% from $2.03 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $2.12 to a profit $2.11. For the current year, the average estimate has moved down from a profit of $8.51 to a profit of $8.39 over the last ninety days.

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

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