IntercontinentalExchange (ICE) came out with quarterly earnings of $1.55 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.46 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this owner of the New York Stock Exchange and other stock markets would post earnings of $1.49 per share when it actually produced earnings of $1.52, delivering a surprise of 2.01%.Over the last four quarters, the company has surpassed conse ...

```markdown [PART I. Financial Statements](index=3&type=section&id=PART%20I.%20Financial%20Statements) This section presents the company's unaudited consolidated financial statements and related disclosures [Item 1. Consolidated Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Consolidated%20Financial%20Statements%20(Unaudited)) This section presents the unaudited consolidated financial statements, detailing financial position, performance, and cash flows [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) This section provides a snapshot of the company's assets, liabilities, and equity at specific points in time | Financial Metric | Sep 30, 2024 (Unaudited) | Dec 31, 2023 | | :--- | :--- | :--- | | **Total Current Assets** | $84,695 million | $84,973 million | | **Total Assets** | $135,201 million | $136,084 million | | **Total Current Liabilities** | $84,562 million | $84,626 million | | **Total Liabilities** | $107,928 million | $110,298 million | | **Total Equity** | $27,273 million | $25,786 million | - As of September 30, 2024, total assets slightly decreased to **$135.2 billion** from **$136.1 billion** at the end of 2023, while total equity increased from **$25.8 billion** to **$27.3 billion** over the same period[4](index=4&type=chunk)[6](index=6&type=chunk) [Consolidated Statements of Income](index=5&type=section&id=Consolidated%20Statements%20of%20Income) This section details the company's revenues, expenses, and net income over specific reporting periods | Metric (in millions) | Q3 2024 | Q3 2023 | YTD 2024 | YTD 2023 | | :--- | :--- | :--- | :--- | :--- | | **Total Revenues** | $3,033 | $2,429 | $8,731 | $7,237 | | **Operating Income** | $1,103 | $845 | $3,232 | $2,769 | | **Net Income Attributable to ICE** | $657 | $541 | $2,056 | $1,995 | | **Diluted EPS** | $1.14 | $0.96 | $3.57 | $3.55 | - For the third quarter of 2024, total revenues grew to **$3.03 billion** from **$2.43 billion** year-over-year, a **24.9% increase**[8](index=8&type=chunk) Net income attributable to ICE rose to **$657 million** from **$541 million**, and diluted EPS increased to **$1.14** from **$0.96**[8](index=8&type=chunk) [Consolidated Statements of Cash Flows](index=9&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) This section outlines the company's cash inflows and outflows from operating, investing, and financing activities | Cash Flow Activity (in millions) | Nine Months Ended Sep 30, 2024 | Nine Months Ended Sep 30, 2023 | | :--- | :--- | :--- | | **Net Cash from Operating Activities** | $3,103 | $2,573 | | **Net Cash used in Investing Activities** | $(1) | $(9,403) | | **Net Cash used in Financing Activities** | $(2,717) | $(62,711) | - Net cash provided by operating activities increased to **$3.1 billion** for the first nine months of 2024, compared to **$2.6 billion** in the prior year period[19](index=19&type=chunk) Investing activities used significantly less cash, primarily due to the **$10.2 billion** cash paid for acquisitions in 2023 (Black Knight) not recurring in 2024[19](index=19&type=chunk) [Notes to Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20Consolidated%20Financial%20Statements) This section provides detailed explanations for financial statement figures, accounting policies, and segment performance - The company operates through three reportable business segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology[23](index=23&type=chunk) - On September 5, 2023, the company acquired Black Knight, Inc. for approximately **$11.8 billion**, significantly expanding its Mortgage Technology segment[28](index=28&type=chunk) - As of September 30, 2024, the company's clearing houses had received or been pledged **$178.6 billion** in cash and non-cash collateral in original margin and guaranty fund deposits[90](index=90&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=35&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the company's financial performance, segment results, operating expenses, and liquidity for the period [Recent Developments](index=37&type=section&id=Recent%20Developments) This section highlights recent global economic conditions, interest rate volatility, and regulatory changes impacting the company - Global economic conditions, including interest rate volatility, have positively impacted trading volumes in interest rate and equity futures but have adversely affected transaction-based revenues in the Mortgage Technology segment due to higher mortgage rates[149](index=149&type=chunk) - The company is monitoring several key regulatory developments, including proposed increased bank capital requirements (Basel III Endgame), European regulations (EMIR 3.0, EUDR), and new SEC rules on equity market structure, which could impact clearing, commodities, and equity trading operations[154](index=154&type=chunk)[155](index=155&type=chunk)[157](index=157&type=chunk) [Segment Results](index=42&type=section&id=Segment%20Results) This section provides a detailed breakdown of financial performance for each of the company's three business segments | Segment Operating Income/(Loss) (in millions) | YTD 2024 | YTD 2023 | | :--- | :--- | :--- | | **Exchanges** | $2,734 | $2,360 | | **Fixed Income and Data Services** | $632 | $611 | | **Mortgage Technology** | $(134) | $(202) | [Liquidity and Capital Resources](index=62&type=section&id=Liquidity%20and%20Capital%20Resources) This section details the company's outstanding debt, dividend payments, share repurchases, and capital expenditure plans - As of September 30, 2024, the company had **$21.2 billion** in outstanding debt, consisting of **$19.8 billion** in senior notes and **$1.4 billion** in commercial paper[276](index=276&type=chunk) - The company paid dividends of **$780 million** in the first nine months of 2024, up from **$713 million** in the same period of 2023[265](index=265&type=chunk) Share repurchases remained suspended following the Black Knight acquisition, with **$2.5 billion** remaining in the authorized program[280](index=280&type=chunk) - Capital expenditures and capitalized software development costs are expected to be between **$700 million** and **$740 million** for the full year 2024[284](index=284&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=70&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) This section confirms no material changes to the company's exposure to market risks since the 2023 Form 10-K - There have been no material changes to the Company's exposure to market risks from those disclosed in the 2023 Form 10-K[307](index=307&type=chunk) [Controls and Procedures](index=70&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded the company's disclosure controls and procedures were effective, with no material changes to internal controls - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of the end of the reporting period[308](index=308&type=chunk) - There were no changes in internal controls over financial reporting during the quarter that materially affected, or are reasonably likely to materially affect, these controls[309](index=309&type=chunk) [PART II. Other Information](index=70&type=section&id=PART%20II.%20Other%20Information) This section covers legal proceedings, risk factors, equity sales, and other material information not included in Part I [Legal Proceedings](index=70&type=section&id=Item%201.%20Legal%20Proceedings) This section addresses ongoing legal matters, including the PennyMac Arbitration, and their potential impact on financial condition - The company does not expect liabilities from ongoing legal and regulatory matters to have a material adverse effect on its consolidated financial condition or results[108](index=108&type=chunk) - In the PennyMac Arbitration case, Black Knight (an ICE subsidiary) received a **$160 million** payment in February 2024 in satisfaction of a final award related to a breach of contract claim[109](index=109&type=chunk) [Risk Factors](index=70&type=section&id=Item%201A.%20Risk%20Factors) This section confirms no significant new risk factors have emerged since the company's 2023 Form 10-K filing - No significant new risk factors have emerged since the company's 2023 Form 10-K filing[311](index=311&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=71&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) This section reports no repurchases of common stock were made during the nine months ended September 30, 2024 - No shares of the company's common stock were repurchased during the nine months ended September 30, 2024[312](index=312&type=chunk) [Other Information](index=71&type=section&id=Item%205.%20Other%20Information) This section discloses the adoption and termination of Rule 10b5-1 trading plans by several company officers - Several officers, including President Benjamin R. Jackson and NYSE Group President Lynn C. Martin, adopted Rule 10b5-1 trading plans for the sale of company stock in August and September 2024[315](index=315&type=chunk) ```

Exhibit 99.1 Intercontinental Exchange Reports Strong Third Quarter 2024 · Record 3Q24 net revenues of $2.3 billion, +17% y/y Jeffrey C. Sprecher, ICE Chair & Chief Executive Of icer, said, "We are pleased to report our third quarter results that extend our track record of revenue and earnings per share growth. Our customers continue to rely on our mission-critical data and technology to manage their risk and capture workflow ef iciencies amid a dynamic macroeconomic environment. As we look to the balance o ...

Dublin, Oct. 30, 2024 (GLOBE NEWSWIRE) -- The "U.S. Soft Drinks, Sodas, Bottled Water, Beverages and Ice Manufacturing: Analytics, Extensive Financial Benchmarks, Metrics and Revenue Forecasts to 2030" report from Plunkett Research Ltd has been added to ResearchAndMarkets.com's offering. The purpose of this report is to provide estimates of vital, industry-specific data, within the United States, with an emphasis on market sizing, industry growth, KPIs and metrics, along with summaries of top competitors. T ...

Core Viewpoint - Intercontinental Exchange Inc. (ICE) is expected to report strong third-quarter 2024 earnings, with a consensus estimate for revenues at $2.35 billion, reflecting a 17.2% year-over-year increase [2]. Revenue Performance - Fixed Income and Data Services revenues are projected to reach $604.9 million, surpassing the Zacks Consensus Estimate of $593 million, indicating a 6% increase from the previous year [3]. - The Exchange segment is anticipated to generate revenues of $1.2 billion, with the Zacks Consensus Estimate at $1.6 billion, representing a 4.1% increase year-over-year [4]. - The Mortgage Technology segment's revenues are expected to be $522.3 million, exceeding the Zacks Consensus Estimate of $515 million, and reflecting a significant 56% increase from the prior year [5]. Expense Outlook - Total expenses are projected to rise by 19.4% to $969.5 million, driven by higher compensation, professional expenses, and acquisition-related costs [6]. - GAAP operating expenses are expected to be between $1.22 billion and $1.23 billion, while adjusted operating expenses are projected to be between $955 million and $965 million [7]. Earnings Expectations - The Zacks Consensus Estimate for earnings per share is $1.55, indicating a 6.1% increase from the prior-year quarter [7]. - ICE has an Earnings ESP of +0.48%, suggesting a favorable outlook for an earnings beat [10]. Volume Metrics - ICE reported a 28% increase in third-quarter average daily volume (ADV), with Natural Gas ADV up 33%, Energy ADV up 23%, and Environmental ADV improving by 52% year-over-year [8].

The third-quarter 2024 earnings season is advancing in top gear. By the end of this week, we will cross the half way mark of Wall Street's benchmark – S&P 500 Index's – earnings release. This week is the most crucial for this reporting cycle. Five "Magnificent 7" stocks are set to release their quarterly financial numbers. Aside from these five behemoths, a long-list of big companies will report earnings results this week, too. Earnings reports of two such stocks that market participants should closely watc ...

First high-volume contract award for new product supports various vehicle models globally with ICE transmissionsNew modular Dual Clutch Transmission enables seamless hybrid transition on the same vehicle platform with minor changesEfficient and compact design with optimized torque-to-weight ratio results in lower CO² emissions, contributing to a cleaner future AURORA, Ontario, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Magna is accelerating the industry’s move toward a cleaner future with the debut of its innovative ...

The facade of The New York Stock Exchange is being seen in the Financial District in New York City, on November 18, 2023.The New York Stock Exchange on Friday announced plans to extend trading on its all-electronic exchange to 22 hours a day.The NYSE announcement comes as interest in all-day trading in U.S. markets has swelled in recent years. Robinhood announced "24/5 trading," open from 8 p.m. ET on Sundays through 8 p.m. ET on Fridays, in May 2023. And global cryptocurrency markets trade 24 hours a day, ...

Wall Street expects a year-over-year increase in earnings on higher revenues when IntercontinentalExchange (ICE) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 31, 2024, might help the stock move higher if these key numbers are ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...