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Stock Market & Financial Investment News

News Breaks
February 5, 2013
14:45 EDTICE, NYXEarnings Preview: ICE to report results after NYSE deal
Global futures exchange operator IntercontinentalExchange (ICE) is expected to report Q4 earnings before the open on Wednesday February 6, with a conference call scheduled for 8:30 am ET... EXPECTATIONS: Analysts are looking for earnings per share of $1.75 on revenue of $322.05M. The consensus range is $1.66-$1.84 for EPS on revenue of $312.42M-$334.81M, according to First Call... LAST QUARTER: IntercontinentalExchange reported Q3 EPS of $1.79 on revenue of $323.19M, which beat the consensus expectations. On December 20, the company agreed to buy NYSE Euronext (NYX) for $33.12 per share, or $8.2B. NYSE Euronext said on February 5 that it predicts that the deal will close in 2H13. A side deal that IntercontinentalExchange and NYSE Euronext reached could prevent a competing bid from arising, The Wall Street Journal reported on January 31. Under the deal, NYSE's European derivatives unit, known as Liffe, agreed to clear its trades through IntercontinentalExchange for at least two years, The WSJ reported, citing unnamed sources. The deal will remain valid regardless of whether the merger with IntercontinentalExchange closes, the newspaper stated... RESEARCH AND NEWS: Research firm Macquarie downgraded Intercontinental Exchange to Neutral from Outperform on January 9, as the firm lowered its estimate of the growth that the merger with NYSE Euronext will produce. Similarly research firm Bernstein on December 21 downgraded the company to Market Perform from Outperform as the firm believes that the NYSE Euronext acquisition dilutes the quality of Intercontinental Exchange's franchise. The firm also cited the complexity of the integration of NYSE Euronext as a reason for the downgrade. On January 14, IntercontinentalExchange CEO Duncan Niederauer told CNBC that the company's trading business is doing well. On January 23, Niederauer told The WSJ that the company would look to spin off its European unit... PRICE ACTION: IntercontinentalExchange's stock is up less than 10% since it announced the merger with NYSE Euronext. Over the last month, the stock is up about 10%.
News For ICE;NYX From The Last 14 Days
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February 8, 2016
07:23 EDTICECredit Suisse to hold a forum
17th Annual Credit Suisse Financial Services Forum is being held in New York where on February 8, some of the companies will be hosting dinners, followed by company presentations on February 9-10.
February 4, 2016
08:14 EDTICEICE increases quarterly dividend 13% to 85c per share
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07:33 EDTICEIntercontinentalExchange sees Q1 adjusted operating expenses $490M-$500M
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07:32 EDTICEIntercontinentalExchange reports Q4 adjusted EPS $3.27, consensus $3.01
Q4 consolidated revenues, less transaction-based expenses, increased 9% to $875M compared to the same period in 2014. Included in this amount are $470M of transaction and clearing revenues, less transaction-based expenses. Consensus is $866.77M.
February 3, 2016
14:48 EDTICENotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Philip Morris (PM), consensus 81c... AstraZeneca (AZN), consensus 88c... Occidental Petroleum (OXY), consensus (12c)... ConocoPhillips (COP), consensus (65c)... Cigna (CI), consensus $1.80... Intercontinental Exchange (ICE), consensus $3.01... Boston Scientific (BSX), consensus 25c... Charter Communications (CHTR), consensus (12c)... Ralph Lauren (RL), consensus $2.13... Dunkin' Brands (DNKN), consensus 50c... GrubHub (GRUB), consensus 14c... Level 3 (LVLT), consensus 53c... AmerisourceBergen (ABC), consensus $1.25... Cummins (CMI), consensus $2.11.
08:34 EDTICEICE reports January futures volume up 15%
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