Intercontinental Exchange Q2 Profit Rises, But EPS Down - Quick Facts

(RTTNews) - Intercontinental Exchange Inc. (ICE) reported that its second-quarter of 2014 net income attributable to the company increased to $226 million from $154 million in the year ago quarter. But, earnings per share declined to $1.95 from $2.09 in the year ago quarter.

Excluding Certain items, net of tax, second quarter 2014 adjusted net income from continuing operations attributable to ICE was $243 million and $2.10 per share. Analysts polled by Thomson Reuters expected the company to report earnings of $2.02 per share for the quarter. Analysts' estimates typically exclude special items.

Adjusted figures excluded NYSE integration costs of $36 million and the related tax impact, and certain tax impacts associated with Euronext's initial public offering or IPO. Euronext's financial results are now included in discontinued operations. Discontinued operations also included the NYSE technologies businesses that have been and are being divested.

Total revenues, less transaction-based expenses, grew to $750 million from $372 million in the prior year. Included in this amount was net transaction and clearing revenues, less transaction-based expenses, of $460 million. Wall Street expected revenues of $777.01 million for the quarter.

ICE declared a quarterly cash dividend of $0.65 per share for the third quarter of 2014 with a record date of September 16, 2014 and a payment date of September 30, 2014. The ex-dividend date is September 12, 2014.

ICE expects third quarter 2014 operating expenses in the range of $390 million to $395 million. For the full year 2014, operating expenses are expected to be $1.55 billion to $1.56 billion. The expense guidance is net of acquisition-related transaction and integration costs for all periods.

ICE expects interest expense in the range of $23 million to $24 million for the third and fourth quarter of 2014.