CBOE Fourth-Quarter Earnings Miss Expectations
CBOE Global Markets (CBOE) announced its financial results for the fourth quarter on Friday, reporting a net income of $196.5 million or $1.86 per share. Excluding one-time items, earnings were $2.10 per share, falling short of analysts' estimates.
Revenue came in at $1.11 billion, while adjusted revenue was $524.5 million. Both figures missed market expectations.
For the full year, CBOE reported a profit of $764.9 million, equivalent to $7.21 per share, with revenue amounting to $2.07 billion.
CBOE shares have risen almost 6% year-to-date and 15% over the past 12 months.