Intercontinental Exchange Inc (ICE) Releases Earnings Results, Beats Expectations By $0.06 EPS

Intercontinental Exchange Inc (ICE) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $3.43 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.06. Analysts had a consensus of $3.37. The company posted revenue of $1129.00 million in the period, compared to analysts expectations of $1120.80 million. The company’s revenue was up 41.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.90 EPS.

Many Wall Street Analysts have commented on Intercontinental Exchange Inc. Intercontinental Exchange Inc was Resumed by JP Morgan to “Neutral” on Jun 1, 2016. Sterne Agee CRT Initiated Intercontinental Exchange Inc on May 20, 2016 to “Buy”, Price Target of the shares are set at $300.Intercontinental Exchange Inc was Resumed by Goldman to “Buy” on May 6, 2016.

Intercontinental Exchange Inc closed down -0.7 points or -0.26% at $263.93 with 6,19,745 shares getting traded on Tusday. Post opening the session at $264.27, the shares hit an intraday low of $262.25 and an intraday high of $264.27 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

In a different news, on Jul 8, 2016, Charles A Vice (President&Chief Op. Officer) sold 2,000 shares at $253.97 per share price. According to the SEC, on Jul 8, 2016, Thomas W Farley (President, NYSE Group) sold 755 shares at $253.18 per share price. On Jun 30, 2016, Jeffrey C Sprecher (Chief Executive Officer) sold 24,606 shares at $251.93 per share price, according to the Form-4 filing with the securities and exchange commission.

Intercontinental Exchange Inc. (ICE) is a global operator of regulated exchanges clearing houses and data services for financial and commodity markets. The Company operates marketplaces for trading and clearing an array of securities and derivatives contracts across asset classes including energy and agricultural commodities equities and equity derivatives among others. Its regulated exchanges include futures exchanges in the United States United Kingdom Canada Singapore and Europe three securities exchanges and two equity options exchanges. The Company also operates over-the-counter (OTC) markets for physical energy and credit default swaps (CDS). Its products and services include Regulated Energy Futures Contracts Regulated Agricultural Futures Contracts Regulated Financial Futures Contracts Securities Products and Listings Credit Derivatives Products OTC Energy Products ICE Data Services and New York Stock Exchange (NYSE) Data Services.

Intercontinental Exchange Inc

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