![]() Adjusted operating expenses were $528 million in the first quarter, up nearly 6.9% from the year-ago quarter’s figure.Īdjusted operating income improved 1.5% year over year to $742 million. Total operating expenses rose 5.2% year over year to $605 million, primarily due to higher compensation and professional services. ![]() Moreover, the top line outpaced the Zacks Consensus Estimate of $1.269 billion. Intercontinental Exchange’s revenues of $1.270 billion increased 4% year over year on higher revenues at transaction and clearing (3%), data services (5%), listings segments (27%) and other revenues (20.8%). The company witnessed growth in subscription-based Data & Listings business, which offset muted trading activity. On a GAAP basis, net income was 85 cents per share, up 8% year over year. Also, the bottom line improved 2.2% on a year-over-year basis. reported first-quarter 2019 adjusted earnings per share of 92 cents, beating the Zacks Consensus Estimate of 89 cents by 3.4%. ![]() Interconinental Exchange Q1 Earnings Beat Estimates ![]() Will the recent positive trend continue leading up to its next earnings release, or is ICE due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Shares have added about 3.6% in that time frame, outperforming the S&P 500. A month has gone by since the last earnings report for IntercontinentalExchange (ICE). ![]()
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