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What will ICE's stock price be by the end of Q3 2024?
3
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Intercontinental Exchange Beats Estimates with Strong Q2 2024 Results, $1.52 EPS
Aug 1, 2024, 11:45 AM
Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), reported a strong second quarter for 2024, beating profit estimates. The company’s profit rose, driven by robust trading activity. ICE's adjusted earnings per share (EPS) for the quarter stood at $1.52, while revenue reached $2.32 billion, marking a 23% year-over-year increase. Despite a 20.9% decline in net income to $632 million, ICE achieved a record second-quarter operating income of $1.1 billion, up 12% year-over-year. The strong performance in ICE's exchanges business was a key factor in the positive results.
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