Intercontinental Exchange Q1 Profit Rises - Quick Facts

(RTTNews) - Intercontinental Exchange (ICE) reported that its first-quarter net income attributable to the company was $315 million or $2.80 per share, compared to $261 million or $2.27 per share in the year ago quarter.

ICE's operating results include amortization of acquisition-related intangibles and acquisition and integration related expenses that are not reflective of ICE's cash operations or core business performance.

Excluding these items, net of tax, first quarter 2015 adjusted income from continuing operations was $344 million and adjusted earnings per share from continuing operations were $3.06, an increase of 26% year over year.

First quarter 2015 consolidated revenues, less transaction-based expenses, increased 7% $850 million. Included in this amount are transaction and clearing revenues, less transaction-based expenses, of $506 million.

Total revenues rose to $1.16 billion from $1.06 billion last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $2.97 per share and revenues of $840.27 million for the quarter. Analysts' estimates typically exclude special items.

Intercontinental Exchange announced a 15% Increase in quarterly Cash Dividend Payment to $0.75 per share for the second quarter of 2015.