![]() Long-term debt of $4.3 billion remained flat with the 2017-end level. Operating income improved 11.7% year over year to $650 million.Īs of Mar 31, 2018, Intercontinental Exchange had cash and cash equivalents of $523 million, down 2.2% from the level as of Dec 31, 2017. Adjusted operating expenses were $494 million in the first quarter, down 0.6% from the year-ago quarter. Total operating expenses decreased 1.5% year over year to $575 million, primarily driven by lower compensation and benefits, professional services, acquisition-related transaction and integration costs, rent and occupancy as well as selling, general and administrative expenses. Moreover, the top line outpaced the Zacks Consensus Estimate of $1.22 billion by 0.4%. Intercontinental Exchange’s revenues of $1.23 billion increased 5.1% year over year on higher revenues at transaction and clearing, plus net and listings segments as well as other revenues. On a GAAP basis, net income was 79 cents per share, which declined 5.9% year over year. ![]() Notably, the company closed the strategic buyout of BondPoint and also produced solid organic growth. The quarter witnessed strong performance across trading and clearing as well as data and listings segments, while delivering record revenues. Price, Consensus and EPS Surprise | Intercontinental Exchange Inc.
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