* Q4 net income attributable to ICE of $1.76 a share
* Revenues decline 1 percent
Feb 6 IntercontinentalExchange Inc,
which is in the process of buying NYSE Euronext for $8.2
billion, reported a 2 percent rise in quarterly profit on
Wednesday, helped by an increase in market data revenues and
slightly lower expenses.
Net income attributable to the Atlanta-based commodities
exchange was $129.5 million, or $1.76 a share, in the fourth
quarter, up from $126.8 million, or $1.73 a diluted share, a
ICE said in December it planned to buy New York Stock
Exchange operator NYSE in a deal that will give ICE control of
Liffe, Europe's second-largest derivatives market, and help it
expand into the interest rate futures business.
ICE said that excluding certain one-time items, including
transaction costs related to the NYSE deal, adjusted earnings
per share were $1.84.
Analysts on average had expected earnings of $1.75 a share,
according to Thomson Reuters I/B/E/S.
Revenues fell 1 percent to $323 million, as ICE's futures
business saw a 1 percent decline in average daily volume.
Transaction and clearing fee revenues fell 4 percent to $277
million, while revenues from ICE's credit default swap trade
execution, processing and clearing business slumped 14 percent
to $36 million.
Consolidated market data revenues increased 14 percent to
$37 million, and consolidated other revenues were $9 million.
Consolidated operating expenses were down 1 percent to $131
million in the fourth quarter.
Looking forward, ICE said it expects 2013 adjusted
consolidated expenses to increase in the range of 3 percent to 5
The exchange operator said it expects acquisition-related
transaction costs - mainly due to the NYSE deal - to be in the
range of $10 million to $12 million for the first quarter.