Intercontinental Exchange, Inc. ICE reported second-quarter 2017 adjusted earnings per share of 75 cents, which was in line with Zacks Consensus Estimate. Earnings improved 9% on a year-over-year basis.The quarter witnessed growth in data and listings business segments and lower expenses aiding operating profit.Intercontinental Exchange Inc. Price, Consensus and EPS Surprise Intercontinental Exchange Inc. Price, Consensus and EPS Surprise | Intercontinental Exchange Inc. QuoteOn a GAAP basis, net income was 70 cents per share, up 17% year over year. Performance in DetailIntercontinental Exchange’s revenues of $1.5 billion dipped 0.7% year over year due to lower transaction and clearing revenues. Data and listings revenues however increased 4%.Revenues beat the Zacks Consensus Estimate of $1.2 billion.Total revenues and less transaction-based expenses, improved 4.3% year over year to $1.18 billion. This marks the 17th straight quarter of revenue growth.Total operating expenses decreased 1.6% year over year to $569 million, primarily driven by lower compensation and benefits, professional service, acquisition-related transaction as well as integration costs.Operating income improved 10.5% to $582 million. Financial UpdateAt the end of the reported quarter, Intercontinental Exchange had cash and cash equivalents of $398 million, down 2.2% from Dec 31, 2016. Long-term debt of $3.8 billion remained almost flat with 2016-end level.Total equity was $15.9 billion as of Jun 30, 2017 compared with $15.7 billion as of Jun 30, 2016.Capital DeploymentIntercontinental Exchange paid back $700 million to shareholders in the first half of 2017. The company remains on track to pay back $1.4 billion in 2017.GuidanceAdjusted operating expenses are estimated between $480 million and $490 million for the third quarter (down from the earlier guided-range of $485-$495 million).Interest expense is projected to be $47 million in the third quarter and $49 million for the fourth quarter.Intercontinental Exchange’s diluted share count for second quarter is likely to be in the range of 590–595 million.Our TakeResults of Intercontinental Exchange reveal a solid performance. The company remains well-poised for growth, given its strength in its energy franchise, increasing recurring market data revenues and strategic initiatives.Intercontinental Exchange presently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Among other securities exchanges, MarketAxess, Inc. MKTX, CME Group Inc. CME and Nasdaq, Inc. NDAQ beat their respective Zacks Consensus Estimate in the reported quarter.More Stock News: Tech Opportunity Worth $386 Billion in 2017 From driverless cars to artificial intelligence, we've seen an unsurpassed growth of high-tech products in recent months. Yesterday's science-fiction is becoming today's reality. Despite all the innovation, there is a single component no tech company can survive without. Demand for this critical device will reach $387 billion this year alone, and it's likely to grow even faster in the future.Zacks has released a brand-new Special Report to help you take advantage of this exciting investment opportunity. Most importantly, it reveals 4 stocks with massive profit potential. See these stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intercontinental Exchange Inc. (ICE): Free Stock Analysis Report CME Group Inc. (CME): Free Stock Analysis Report Nasdaq, Inc. (NDAQ): Free Stock Analysis Report MarketAxess Holdings, Inc. (MKTX): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research