Intercontinental Exchange’s Financial Results Pointed Higher in Q3 2017
- During Q3 2017, ICE unveiled its net income at $369 million.
Intercontinental Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (NYSE:ICE), a global network of exchanges and clearing houses, has reported its financial results for the third quarter ending September 30, 2017, which show a third consecutive quarterly gain in terms of its revenue and profit metrics, according to an ICE statement.
The company posted $1.43 billion in Q3 2017 consolidated revenues, up just 1.1 percent year-over-year from $1.41 billion in Q3 2016. The figure included $758 million in revenues from transaction and clearing revenues, while data services generated $518 million in the last quarter, with listings revenues coming in at $54 million.
Taking a year-to-date perspective, ICE‘s total revenues, less transaction-based expenses, in the nine months ending September 30 fell 1.6 percent year-over-year to $4.39 billion compared to $3.47 billion in the same period of 2016.
ICE completed the last three months through September with consolidated operating expenses at $547 million, a notable drop of 9.4 percent year-over-year from $604 in the comparable quarter of 2016.
During Q3 2017, ICE unveiled its net income at $369 million, which represents a gain of 7.3 percent percent year-over-year from $344 million in Q3 2016. Furthermore, ICE reported diluted earnings per share (EPS) of $0.62 in Q3 2017 on a GAAP basis, a jump of 9 percent year-over-year from $0.57 in Q3 2016.
Additionally, operating income was also on the uptick in Q3 2017, with a figure of $596 million, compared to just $474 million in Q3 2016, good for a jump of 25.7 percent year-over-year.
In a statement, ICE Chairman and CEO Jeffrey C. Sprecher said: “We are pleased to again deliver strong revenue and earnings growth while executing on our strategic objectives to serve our customers and shareholders. We are investing to grow our trading, data and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions across geographies and asset classes and continue to see new ways to serve our customers across their workflow, from capital efficient clearing, to new trading and data products, to supporting regulatory compliance and connectivity needs. Our recent acquisitions demonstrate this focus and we look forward to leveraging our integrated offering to serve global markets as they evolve."
Intercontinental Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term (NYSE:ICE), a global network of exchanges and clearing houses, has reported its financial results for the third quarter ending September 30, 2017, which show a third consecutive quarterly gain in terms of its revenue and profit metrics, according to an ICE statement.
The company posted $1.43 billion in Q3 2017 consolidated revenues, up just 1.1 percent year-over-year from $1.41 billion in Q3 2016. The figure included $758 million in revenues from transaction and clearing revenues, while data services generated $518 million in the last quarter, with listings revenues coming in at $54 million.
Taking a year-to-date perspective, ICE‘s total revenues, less transaction-based expenses, in the nine months ending September 30 fell 1.6 percent year-over-year to $4.39 billion compared to $3.47 billion in the same period of 2016.
ICE completed the last three months through September with consolidated operating expenses at $547 million, a notable drop of 9.4 percent year-over-year from $604 in the comparable quarter of 2016.
During Q3 2017, ICE unveiled its net income at $369 million, which represents a gain of 7.3 percent percent year-over-year from $344 million in Q3 2016. Furthermore, ICE reported diluted earnings per share (EPS) of $0.62 in Q3 2017 on a GAAP basis, a jump of 9 percent year-over-year from $0.57 in Q3 2016.
Additionally, operating income was also on the uptick in Q3 2017, with a figure of $596 million, compared to just $474 million in Q3 2016, good for a jump of 25.7 percent year-over-year.
In a statement, ICE Chairman and CEO Jeffrey C. Sprecher said: “We are pleased to again deliver strong revenue and earnings growth while executing on our strategic objectives to serve our customers and shareholders. We are investing to grow our trading, data and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term solutions across geographies and asset classes and continue to see new ways to serve our customers across their workflow, from capital efficient clearing, to new trading and data products, to supporting regulatory compliance and connectivity needs. Our recent acquisitions demonstrate this focus and we look forward to leveraging our integrated offering to serve global markets as they evolve."