CBOE: 2Q Earnings Snapshot
CHICAGO (AP) _ CBOE Holdings Inc. (CBOE) on Friday reported second-quarter profit of $87.6 million.
On a per-share basis, the Chicago-based company said it had profit of 78 cents. Earnings, adjusted for one-time gains and costs, came to $1.13 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.
The holding company for the Chicago Board Options Exchange posted revenue of $620.6 million in the period. Its adjusted revenue was $283.2 million, falling short of Street forecasts. Four analysts surveyed by Zacks expected $283.3 million.
CBOE shares have climbed 17% since the beginning of the year. The stock has risen 19% in the last 12 months.