EPS & Earnings ... Hits & Misses

[madrose1]

* ICE 122-131-127 beats by $0.09, beats slightly on revs (123.50 ) : Reports Q1 (Mar) earnings of $0.80 per share, $0.09 better than the Reuters Estimates consensus of $0.71; revenues rose 151.7% year/year to $126.6 mln vs the $125.3 mln consensus. The record financial results were driven by strong volume during the quarter at ICE Futures, the company's U.K. futures business segment; at NYBOT, ICE's U.S. futures business segment; in ICE's global over-the-counter (OTC) business segment; and in the company's market data business segment, which now includes the NYBOT market data business. ICE's total average daily volume (ADV) for its electronically-traded energy contracts in ICE's global futures and OTC markets exceeded the one-million contract mark for the first time, with ADV of 1.2 million contracts in the first quarter of 2007, representing a 96% increase compared to ADV of 603,000 contracts in the prior year's first quarter. Rate per contract (RPC) for ICE Futures was $1.29 in the first quarter of 2007, compared to $1.13 in the first quarter of 2006.

IntercontinentalExchange: Conference call details I (123.02 ) -Update : On call, ICE says they plan to establish in-house clearing starting in July of 2008. Firm sees clearing as a valuable driver for future growth, especially as the execution venues continue to consolidate. Notes they are exceeding their initial NYBOT synergy/cost savings estimates. Notes that many NYBOT volume records have been beaten through the addition of electronic trading. Notes NYBOT board approved a fee increase, to be implemented beginning in June. Notes they have maintained 50% mkt share of global crude trading, and have record open interest in Brent and WTI. Co will soon offer a third crude benchmark (Middle East sour), set for launch on May 21... Remains highly confident in BOT proposal, and says that they are no less confident in the absence of BOT