Intercontinental Exchange Inc. reported second-quarter net income attributable to the company of $472 million, or 84 cents per share attributable to common stockholders, compared with $455 million, or 78 cents per share, in the year-ago period.
The New York Stock Exchange owner posted adjusted net income attributable to the company of $534 million, or 94 cents per share, compared with $525 million, or 90 cents per share, in the second quarter of 2018.
The S&P Global Market Intelligence consensus estimate for normalized EPS for the first quarter was 93 cents.
Intercontinental Exchange's consolidated second-quarter revenues were 4% higher on a year-over-year basis at $1.30 billion from $1.25 billion.
Second-quarter total operating expenses grew to $618 million from $591 million a year ago. Operating income went up to $680 million, compared to $655 million in the same quarter last year.
The company also issued its guidance for the third quarter. Intercontinental Exchange expects GAAP operating expenses of $632 million to $642 million, adjusted operating expenses of between $552 million and $562 million, and interest expense of $73 million.For full year 2019, the company updated its outlook, expecting GAAP operating expenses of $2.50 billion to $2.52 billion and adjusted operating expenses between $2.19 billion and $2.21 billion.
The 2019 non-GAAP adjusted operating expenses exclude $80 million in amortization of acquisition-related intangibles for the third quarter and $310 million for the full year. The GAAP operating expense forecast does not reflect an estimate of acquisition-related transaction and integration costs for the third quarter.