Intercontinental Exchange Q3 2024 Adj. EPS $1.55, Inline, Sales $2.349B Miss $2.354B Estimate
Portfolio Pulse from Benzinga Newsdesk
Intercontinental Exchange (NYSE:ICE) reported Q3 2024 earnings per share of $1.55, meeting analyst expectations. However, its sales of $2.349 billion slightly missed the estimate of $2.354 billion, despite a 17.27% increase from the previous year.
October 31, 2024 | 11:31 am
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NEUTRAL IMPACT
Intercontinental Exchange's Q3 2024 earnings per share met expectations, but sales slightly missed estimates. Despite this, sales increased by 17.27% year-over-year.
The earnings per share meeting expectations is neutral for the stock price, while the slight miss in sales could be seen as a minor negative. However, the significant year-over-year sales growth is a positive factor, balancing the overall impact to neutral.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100