EVs Offer Lower Operating Costs Compared With ICE and Hybrid Vehicles, but Cost More to Insure LOS ANGELES, Sept. 23, 2024 /PRNewswire/ -- With a variety of powertrain options on the market, consumers who are shopping for a new vehicle have a lot to mull over these days. Buy another internal combustion engine (ICE) vehicle? Go fully electric? What about a hybrid? Regardless of vehicle type, it's important for shoppers to understand the total cost of ownership before making a commitment, as this will help mi ...

GREENWICH, Conn., Sept. 19, 2024 /PRNewswire/ -- Salt Financial, a leading financial services firm, is pleased to announce that it has signed a memorandum of understanding with Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, to collaborate on strategic index development. Leveraging Salt's patent-pending truVol® Risk Control Engine (RCE), the collaboration will focus on satisfying the growing demand for risk-controlled investment products for insurance companies ...

Shares of Intercontinental Exchange (ICE) closed at $162.60 on Thursday, near its 52-week high of $162.92, after having gained 26.6% year to date. Shares outperformed the industry, the Finance sector as well as the Zacks S&P 500 composite index in the same time frame. ICE's compelling portfolio, expansive risk-management services, strategic buyouts, solid balance sheet and effective capital deployment poise it well for growth. Earnings of ICE grew 10% in the last five years, better than the industry average ...

UKRAINE - 2021/06/21: In this photo illustration, an Intercontinental Exchange, Inc. logo seen ... [+] displayed on a smartphone. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images Intercontinental Exchange's stock (NYSE: ICE) has gained 22% YTD, as compared to the 14% rise in the S&P500 over the same period. In sharp contrast, Intercontinental Exchange's peer CME Group (NASDAQ: CME) has given near-zero returns YTD. Overall, at the curren ...

Dublin, Aug. 12, 2024 (GLOBE NEWSWIRE) -- The "U.S. Earthmoving Equipment Market Size, Share & Trends Analysis Report by Engine Capacity (Up To 250 HP, 250-500 HP, and More Than 500 HP), Drive Type (Electric, ICE), Product, and Segment Forecasts, 2024-2030" report has been added to ResearchAndMarkets.com's offering. The U.S. earthmoving equipment market size is anticipated to reach USD 16.65 billion by 2030 and is expected to grow at a CAGR of 5.6% from 2024 to 2030 Urbanization has been rising in the U.S. ...

CALGARY, Alberta, Aug. 06, 2024 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. ("DIRTT" or the "Company") (TSX: DRT; OTC: DRTTF), a leader in industrialized construction, today announced the release of ICE Manager, the most significant update to its industry-leading software platform to date. This software update introduces two key components: the new ICE Manager and the Design Editor application, both developed to revolutionize user engagement with the ICE platform. These advancements streamline th ...

Financial Performance Highlights - ICE reported record net revenues of $2317 million in 2Q24, a 23% increase compared to $1888 million in 2Q23[6] - Recurring revenues reached $1206 million in 2Q24, up 26% from $955 million in 2Q23[6] - Transaction revenues, net, were $1111 million in 2Q24, a 19% increase from $933 million in 2Q23[6] - Adjusted operating expenses were $947 million in 2Q24, a 25% increase from $756 million in 2Q23[6] - Adjusted operating income was $1370 million in 2Q24, a 21% increase from $1132 million in 2Q23[6] - Adjusted diluted EPS was $152 in 2Q24, a 6% increase from $143 in 2Q23[6] - Adjusted free cash flow year-to-date was $1771 million, a 7% increase from $1652 million in the same period of 2023[6] Segment Performance - Exchanges segment net revenues totaled $1246 million in 2Q24, a 14% increase from $1093 million in 2Q23[10] - Fixed Income & Data Services revenues were $565 million in 2Q24, a 4% increase from $546 million in 2Q23[14] - Mortgage Technology revenues reached $506 million in 2Q24, a 103% increase from $249 million in 2Q23, but a 5% decrease on a pro forma basis[17]

IntercontinentalExchange (ICE) came out with quarterly earnings of $1.52 per share, beating the Zacks Consensus Estimate of $1.49 per share. This compares to earnings of $1.43 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.01%. A quarter ago, it was expected that this owner of the New York Stock Exchange and other stock markets would post earnings of $1.48 per share when it actually produced earnings of $1.48, delivering n ...

Company Overview - The company operates as a leading global provider of technology and data across major asset classes, including futures, equities, fixed income, and U.S. residential mortgages[136]. - The company is focused on leveraging collective expertise in data services and technology across its three reportable segments: Exchanges, Fixed Income and Data Services, and Mortgage Technology[136]. Market Conditions - Increased trading activity has been observed in interest rate and equity futures, credit default swaps, and bonds due to market and interest rate volatility[139]. - The company expects the macroeconomic environment to remain dynamic, closely monitoring interest rates, inflation, and geopolitical events[140]. - The impact of geopolitical events, such as conflicts in Ukraine, Israel, and Gaza, has not materially affected the company's operations[140]. Regulatory Environment - Regulatory changes, including increased bank capital requirements under Basel III Endgame, may lead to higher costs for clearing services and reduced clearing capacity[143]. - The company is subject to regulations from multiple jurisdictions, including the U.S., U.K., EU, Canada, Singapore, and Abu Dhabi, which influence its operational strategy[141]. Financial Performance - Revenues, less transaction-based expenses, increased by $823 million (22%) for the six months ended June 30, 2024, compared to the same period in 2023[154]. - Operating expenses increased by $618 million (33%) for the six months ended June 30, 2024, compared to the same period in 2023[155]. - Adjusted operating income for the six months ended June 30, 2024, was $2,730 million, an increase of $442 million (19%) from the same period in 2023[151]. - Net income attributable to ICE for the six months ended June 30, 2024, was $1,399 million, a decrease of $55 million (4%) from the same period in 2023[151]. - Adjusted net income attributable to ICE for the six months ended June 30, 2024, was $1,728 million, an increase of $135 million (8%) from the same period in 2023[151]. - Free cash flow for the six months ended June 30, 2024, was $1,895 million, an increase of $293 million (18%) from the same period in 2023[151]. Segment Performance - The Exchanges segment generated revenues of $3,560 million for the six months ended June 30, 2024, an 11% increase from $3,214 million in the same period of 2023[161]. - Transaction and clearing revenues increased by 14% to $2,841 million for the six months ended June 30, 2024, compared to $2,499 million in the prior year[161]. - Energy futures and options revenues rose by 32% to $926 million for the six months ended June 30, 2024, driven by a 29% increase in total energy volume[166]. - Financial futures and options revenues increased by 15% to $267 million for the six months ended June 30, 2024, with total volumes up 21%[168]. - Data and connectivity services revenues grew by 3% to $475 million for the six months ended June 30, 2024, supported by strong customer retention and new customer additions[172]. - Total revenues for the Fixed Income and Data Services segment rose by 2% to $1,133 million for the six months ended June 30, 2024, from $1,109 million in 2023[191]. Operating Expenses - Total operating expenses increased by 33% to $2,478 million for the six months ended June 30, 2024, compared to $1,860 million in 2023[217]. - Compensation and benefits expenses rose by 33% to $935 million for the six months ended June 30, 2024, from $703 million in 2023, primarily due to the acquisition of Black Knight[220]. - Professional services expenses increased by $17 million and $9 million for the six and three months ended June 30, 2024, respectively, compared to the same periods in 2023, driven by the Black Knight acquisition[221]. Debt and Capital Management - The company reported $22.613 billion in outstanding debt as of June 30, 2024, reflecting its capital allocation strategy[241]. - The company has a $3.9 billion senior unsecured revolving credit facility, with $1.7 billion available for working capital and general corporate purposes as of June 30, 2024[251]. - The company fully repaid the $2.4 billion Term Loan borrowed for the Black Knight acquisition by June 30, 2024[251]. Taxation - The effective tax rate increased to 22% for the six months ended June 30, 2024, compared to 12% for the same period in 2023[151]. - The company intends to apply the high tax exception to Global Intangible Low-Taxed Income in 2023 and 2024, minimizing immediate U.S. income taxation on foreign earnings[244]. Future Outlook - The company expects to incur capital expenditures between $600 million and $650 million in 2024 to support technology enhancement and business growth[256]. - The company maintains a Credit Facility to mitigate rollover risk associated with its Commercial Paper Program[251].

What the Zacks Model Says Zacks Rank: ICE currently carries a Zacks Rank of 2. Cboe Global Markets, Inc. (CBOE) has an Earnings ESP of +0.44% and a Zacks Rank of 3 at present. The ACGL's earnings beat estimates in each of the last four quarters. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Intercontinental Exchange Inc. (ICE) is slated to report second-quarter 2024 earnings on Aug 1, before market open. ICE delivered an earnings surprise in three of the last four quarters ...