=Intercontinental Exchange (ICE) reported earnings Wed 3 Aug 2016 (b/o)

IntercontinentalExchange beats by $0.06, reports revs in-line; approved pursuing a 5-for-1 stock split, new $1 billion share repurchase program  :

• Reports Q2 (Jun) earnings of $3.43 per share, $0.06 better than the Capital IQ Consensus of $3.37; revenues rose 41.7% year/year to $1.13 bln vs the $1.12 bln Capital IQ Consensus.
• Guidance:
  • Sees 2016 Data Services Revenue +6-7% y/y on a pro forma basis, 2016 Operating Expenses $1.94-$1.97 billion.
  • Sees 3Q16 Operating Expenses $485-$495 million.
• Board approved pursuing a 5-for-1 stock split to enhance trading efficiency and accessibility for all shareholders as well as a new $1 billion share repurchase program that supports our ability to consider additional capital returns to our shareholders."