Intercontinental Exchange Sees FY24 GAAP Operating Expenses $4.90B To $4.93B; Adjusted Operating Expenses $3.79B To $3.82B
Portfolio Pulse from Benzinga Newsdesk
Intercontinental Exchange (ICE) has projected its FY24 GAAP operating expenses to be between $4.90 billion and $4.93 billion, and its adjusted operating expenses to be between $3.79 billion and $3.82 billion.
August 01, 2024 | 11:34 am
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Intercontinental Exchange (ICE) has provided its FY24 operating expense projections, with GAAP expenses expected to be between $4.90 billion and $4.93 billion, and adjusted expenses between $3.79 billion and $3.82 billion.
The provided expense projections are within a narrow range, indicating stability in ICE's financial management. However, without additional context on revenue projections or market conditions, the short-term impact on the stock price is likely neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100