Intercontinental Exchange Q3 Profit Rises, But EPS Down - Quick Facts

(RTTNews) - Intercontinental Exchange (ICE) reported that its net income attributable to the company for the third quarter of 2014 rose to $206 million from $141 million in the prior year quarter. But, earnings per share dropped to $1.80 from $1.92 last year.

ICE's operating results include acquisition and integration related expenses that are not indicative of the company's core business performance. Excluding items, net of tax, third quarter 2014 adjusted net income from continuing operations was $245 million and adjusted earnings per share from continuing operations were $2.15. Analysts polled by Thomson Reuters expected the company to report earnings of $2.01 per share for the quarter. Analysts' estimates typically exclude special items.

Consolidated revenues, less transaction-based expenses, were $745 million, up from $338 million in the prior year. Wall Street expected revenues of $743.92 million for the quarter. The latest-quarter included transaction and clearing revenues, less transaction-based expenses, of $447 million.

ICE declared a quarterly cash dividend of $0.65 per share for the fourth quarter of 2014 with a record date of December 16, 2014 and a payment date of December 31, 2014. The ex-dividend date is December 12, 2014.

ICE expects fourth quarter and full year 2014 operating expenses, including amortization of acquisition-related intangibles in the range of $375 million to $380 million and $1.52 billion to $1.53 billion, respectively.

ICE expects fourth quarter and full year 2014 operating expenses, excluding amortization of acquisition-related intangibles in the range of $344 million to $349 million and $1.39 billion to $1.40 billion, respectively.