CBOE: 4Q Earnings Snapshot
Editors Note Adds full-year results.
CHICAGO (AP) _ CBOE Holdings Inc. (CBOE) on Friday reported fourth-quarter net income of $137.3 million.
On a per-share basis, the Chicago-based company said it had net income of $1.23. Earnings, adjusted for one-time gains and costs, were $1.54 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share.
The holding company for the Chicago Board Options Exchange posted revenue of $747.7 million in the period. Its adjusted revenue was $334.4 million, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $311. million.
For the year, the company reported profit of $422.1 million, or $3.76 per share. Revenue was reported as $1.22 billion.
CBOE shares have fallen nearly 3 percent since the beginning of the year. The stock has fallen 17 percent in the last 12 months.
By The Associated Press, Copyright 2019