Market Overview

UPDATE: IntercontinentalExchange Q2 Results Top Street View

Related ICE
UPDATE: Deutsche Bank Initiates Coverage On 4 U.S. Securities Exchanges
Deutsche Bank Initiates Coverage On Several Financial Stocks
Fannie Job Posting Hints at NYSE Listing (Fox Business)

IntercontinentalExchange (NYSE: ICE) reported stronger-than-expected second-quarter results.

The Atlanta, Georgia-based company posted a quarterly profit of $226 million, or $1.95 per share, versus a year-ago profit of $154 million, or $2.09 per share. Excluding certain items, it earned $2.10 per share in the quarter.

Its total revenue climbed to $1.01 billion versus $372 million. However, analysts were expecting earnings of $2.02 per share on revenue of $777 million.

IntercontinentalExchange's revenue from transaction and clearing fees jumped to $721 million from $319 million, while market data revenue climbed to $96 million versus $40 million. Its listings revenue came in at $83 million in the quarter.

ICE declared a quarterly cash dividend of $0.65 per share for the third quarter.

“In the second quarter, we successfully executed on several customer and growth driven initiatives while integrating the NYSE and Liffe operations,” said ICE Chairman and CEO Jeffrey C. Sprecher.

IntercontinentalExchange shares gained 0.55% to close at $192.22 yesterday.

Posted-In: profitEarnings News

 

Related Articles (ICE)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters