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Intercontinental Exchange (ICE) Q2 Earnings Meet, Up Y/Y
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Have you been eager to see how Intercontinental Exchange, Inc. (ICE - Free Report) , one of the largest global stock and derivative exchange operators, performed in Q2 in comparison with the market expectations? Let’s quickly scan through the key facts from this Atlanta, GA-based company’s earnings release this morning.
Earnings Meet Estimates
Intercontinental Exchange reported adjusted earnings per share of 75 cents, in line with the Zacks Consensus Estimate.
Intercontinental Exchange Inc. Price and EPS Surprise
You should note that the earnings estimate for Intercontinental Exchange depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained unchanged at 75 cents over the last 7 days.
Also, Intercontinental Exchange has a decent earnings surprise history.
Overall, the company surpassed the Zacks Consensus Estimate by an average of 1.44% in the trailing four quarters.
Revenues Beat
Intercontinental Exchange’s revenues of $1.5 billion decreased 0.7% year over year. Revenues however beat the Zacks Consensus Estimate of $1.2 billion.
Key Takeaways
Total operating expenses increased 1.6% year over year to $569 million.
Operating income improved 10.5% to $582 million.
Adjusted operating expenses is estimated between $480 million and $490 million in the third quarter of 2017.
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #2 (Buy) for Intercontinental Exchange. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. Now it all depends on what sense the just-released report makes to the analysts.
Check back later for our full write up on this Intercontinental Exchange earnings report later!
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Intercontinental Exchange (ICE) Q2 Earnings Meet, Up Y/Y
Have you been eager to see how Intercontinental Exchange, Inc. (ICE - Free Report) , one of the largest global stock and derivative exchange operators, performed in Q2 in comparison with the market expectations? Let’s quickly scan through the key facts from this Atlanta, GA-based company’s earnings release this morning.
Earnings Meet Estimates
Intercontinental Exchange reported adjusted earnings per share of 75 cents, in line with the Zacks Consensus Estimate.
Intercontinental Exchange Inc. Price and EPS Surprise
Intercontinental Exchange Inc. Price and EPS Surprise | Intercontinental Exchange Inc. Quote
How Was the Estimate Revision Trend?
You should note that the earnings estimate for Intercontinental Exchange depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate remained unchanged at 75 cents over the last 7 days.
Also, Intercontinental Exchange has a decent earnings surprise history.
Overall, the company surpassed the Zacks Consensus Estimate by an average of 1.44% in the trailing four quarters.
Revenues Beat
Intercontinental Exchange’s revenues of $1.5 billion decreased 0.7% year over year. Revenues however beat the Zacks Consensus Estimate of $1.2 billion.
Key Takeaways
Total operating expenses increased 1.6% year over year to $569 million.
Operating income improved 10.5% to $582 million.
Adjusted operating expenses is estimated between $480 million and $490 million in the third quarter of 2017.
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #2 (Buy) for Intercontinental Exchange. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. Now it all depends on what sense the just-released report makes to the analysts.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this Intercontinental Exchange earnings report later!
More Stock News: Tech Opportunity Worth $386 Billion in 2017From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future. Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>