Intercontinental Exchange (ICE) Q4 Earnings And Revenues Top
Zacks Investment Research | Feb 06, 2019 10:52PM ET
Intercontinental Exchange, Inc. (NYSE:ICE) reported fourth-quarter 2018 adjusted earnings per share of 94 cents, beating the Zacks Consensus Estimate of 92 cents by 2.2%. Also, the bottom line improved 25.3% on a year-over-year basis.
On a GAAP basis, net income was $1.07 per share, having plunged 48.9% year over year.
Full-Year Highlights
For 2018, Intercontinental Exchange’s adjusted earnings of $3.59 per share surpassed the Zacks Consensus Estimate by 0.6%. Moreover, the bottom line improved 20.9% from that of 2017.
Also, revenues of $4.9 billion beat the consensus mark by 0.6% and grew 7.4% year over year as well.
The company witnessed record revenues in 2018, marking its 13th consecutive year of such an uptick, driven by customer demand for its risk management solutions and investments made in technology enhancement, expansion of content and widening of distribution network.
This apart, the company generated record cash flows in 2018, allowing it to return shareholders approximately $1.8 billion in capital, which is more than any year’s amount in its history.
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