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News Breaks
November 2, 2009
13:38 EDTICE
theflyonthewall.com: Earnings Preview: Positive signs for Intercontinental Exchange into Q3 results
Intercontinental Exchange (ICE) is expected to report Q3 earnings before the market open on Tuesday, November 3 with a conference call scheduled for 8:30 am ET. Analysts are looking for a profit of $1.15 on revenue of $255.72M. The consensus range for EPS is $1.12-$1.21, while the consensus range for revenue is $245.09M-$260.20M, according to First Call. Intercontinental Exchange investors have several reasons to be relatively optimistic about the company's Q3 results. Intercontinental competitor NYSE Euronext (NYX) on Friday reported higher than expected Q3 EPS and revenue. In addition, there are signs that Intercontinental's newly launched CDS clearinghouses are growing quickly. Intercontinental earlier this month said that it had handled more than $3T in credit derivatives this year. The company launched its U.S. credit default swap clearinghouse in March, and it started a European CDS clearinghouse in July. Last month the Wall Street Journal reported that Wall Street banks intend to send all of their swaps through clearinghouses by the end of this year. A Keefe Bruyette analyst believes that the derivatives clearinghouses will be a significant business for Intercontinental Exchange, as the firm upgraded the company to Outperform from Market Perform on October 16, citing expectations that derivatives trading will increase in upcoming quarters. Meanwhile, Intercontinental Exchange reported that average daily volume for its futures markets in August jumped 34% year-over-year to just over 1M. :theflyonthewall.com



News For ICE From The Last 14 Days
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February 13, 2012
07:10 EDTICE
theflyonthewall.com: Estimate of MF Global's missing funds increased, NY Times says
MF Global (MFGLQ) owes its former customers $1.6B, significantly more than the previous estimate of $1.2B, The New York Times, citing the trustee trying to recover the fund, reported late Friday. There are concerns that the trustee will not be able to recover $700M of client money located overseas, the newspaper explained. Reference Link :theflyonthewall.com

February 8, 2012
07:42 EDTICE
theflyonthewall.com: ICE Q4 consolidated transaction, clearing fee revenue up 14% to $287M

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07:41 EDTICE
theflyonthewall.com: IntercontinentalExchange repurchased $47M in common stock in Q4

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07:40 EDTICE
theflyonthewall.com: IntercontinentalExchange sees 2012 quarterly interest expense $10M-$11M

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07:39 EDTICE
theflyonthewall.com: ICE sees 2012 oper capex, capitalized software development costs $60M-$65M
Sees 2012 depreciation & amortization expense $127M-$133M :theflyonthewall.com
07:38 EDTICE
theflyonthewall.com: IntercontinentalExchange sees 2012 expenses in-line with 2011 expenses

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07:31 EDTICE
theflyonthewall.com: IntercontinentalExchange reports Q4 adjusted EPS $1.76 vs. consensus $1.69

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07:14 EDTICE
theflyonthewall.com: IntercontinentalExchange to launch futures contracts on airline carbon emission

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February 7, 2012
15:14 EDTICE
theflyonthewall.com: Companies reporting Before the Market Open on Wednesday, February 8

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February 2, 2012
08:39 EDTICE
theflyonthewall.com: IntercontinentalExchange reports daily futures volume for January

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07:27 EDTICE
theflyonthewall.com: Intercontinental Exchange volatility flat into Q4 and margin outlook
Intercontinental Exchange February put option implied volatility is at 32, March is at 30; compared to its 26-week average of 32 into its expected release of Q4 results on February 8. :theflyonthewall.com

February 1, 2012
06:52 EDTICE
theflyonthewall.com: Missing MF Global money has been tracked down, NY Times says
Officials have discovered what happened to the missing money of MF Global's former customers, according to The New York Times. However, the officials have decided not to disclose their findings yet because they believe that doing so might jeopardize their chances of recovering the money and punishing possible transgressions, the newspaper explained. Reference Link :theflyonthewall.com