IntercontinentalExchange Group Inc. (ICE) has reported a profit increase for its first quarter, compared to the same period last year, achieving figures in line with Wall Street predictions.
The firm reported earnings of $767 million for this quarter, equating to $1.33 per share. This is a rise from last year's first quarter earnings of $655 million, or $1.17 per share.
When excluding certain items, the adjusted earnings of IntercontinentalExchange Group Inc. amount to $852 million, or $1.48 per share for the mentioned period.
On average, analysts have predicted the company's earnings to be $1.48 per share, according to data gathered by Thomson Reuters, excluding special items typically.
The company's revenue for this quarter has seen a 13.4% increase, reaching $2.80 billion, up from last year's $2.47 billion.
To summarize, IntercontinentalExchange Group Inc.'s GAAP earnings at a glance for the first quarter are:
- Earnings have risen to $767 million from $655 million last year.
- Earnings Per Share (EPS) are at $1.33, up from $1.17 last year.
- Revenue now stands at $2.80 billion, a rise from last year's revenue of $2.47 billion.