Reports Q2 revenue $2.9B, consensus $2.31B…2Q24 operating margin of 46%; adj. operating margin of 59% …ICE Chair & Chief Executive Officer, said, “We are pleased to report our second quarter results that extend our track record of growth. Our customers continue to access our networks to manage risk, consume our mission-critical data and drive workflow efficiencies across asset classes and through an array of macroeconomic environments. As we look to the second half of the year and beyond, we will continue to leverage our data, technology and network expertise to deliver innovative solutions for our customers and drive growth for our stockholders.”…Warren Gardiner, ICE Chief Financial Officer, added: “Through the first half of 2024, we have generated record revenues and record operating income, while also continuing to make progress towards achieving the leverage and synergy targets related to our 2023 acquisition of Black Knight. As we turn to the second half, we expect to continue to invest in opportunities to drive future growth and to create value for our stockholders
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ICE:
- ICE Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- ICE: Low Sulphur Gasoil futures and options open interest up 40% y/y
- IntercontinentalExchange price target raised to $159 from $150 at Barclays
- DDC Enterprise appoints Betty Liu to Advisory Board
- IntercontinentalExchange price target raised to $162 from $160 at Citi