Intercontinental Exchange's EPS Surges

Intercontinental Exchange (NYSE:ICE), a global powerhouse in financial exchanges and clearing services, unveiled its fourth-quarter earnings on Feb. 6. Revenues of $2.323 billion were essentially in line with expectations of $2.327 billion, but its earnings per share (EPS) of $1.52 topped analysts' consensus prediction of $1.49. Source: Analysts' estimates for the quarter provided by FactSet.Intercontinental Exchange operates three primary segments: exchanges, fixed income and data services, and mortgage technology. That diversification reduces its dependence on any single market peg. Its exchanges segment, for instance, runs marketplaces for commodities, interest rates, and equities. Meanwhile, the fixed income and data services unit delivers essential market data, while the mortgage technology business provides digital solutions tailored for the U.S. mortgage market, and mainly earns money through software fees.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool