Intercontinental Exchange (ICE) Misses Q1 EPS by 1c; updates guidance

Intercontinental Exchange (NYSE: ICE) reported Q1 EPS of $1.48, $0.01 worse than the analyst estimate of $1.49. Revenue for the quarter came in at $2.3 billion versus the consensus estimate of $2.31 billion.

GUIDANCE

ICE\'s full year 2024 Mortgage Technology pro forma segment revenue growth is expected to be flat-to-down in the low single digit range.
ICE\'s full year 2024 GAAP operating expenses are expected to be in a range of $4.87 billion to $4.90 billion. Adjusted operating expenses(1) are expected to be in a range of $3.79 billion to $3.82 billion.
ICE\'s second quarter 2024 GAAP operating expenses are expected to be in a range of $1.21 billion to $1.22 billion. Adjusted operating expenses(1) are expected to be in a range of $945 million to $955 million.
ICE\'s second quarter 2024 GAAP non-operating expense(2) is expected to be in the range of $225 million to $230 million. Adjusted non-operating expense is expected to be in the range of $205 million to $210 million.
ICE\'s diluted share count for the second quarter is expected to be in the range of 572 million to 578 million weighted average shares outstanding.

For earnings history and earnings-related data on Intercontinental Exchange (ICE) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• NVE Corporation names new CEO and expands board to seven members
• JPMorgan Starts ICICI Prudential Asset Management (ICICIAMC:IN) at Overweight