WASHINGTON (dpa-AFX) - (Adds Outlook)
CBOE Global Markets, Inc. (CBOE) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $208.3 million, or $1.96 per share. This compares with $172.6 million, or $1.63 per share, in last year's first quarter.
Excluding items, CBOE Global Markets, Inc. reported adjusted earnings of $227.7 million or $2.15 per share for the period.
Analysts on average had expected the company to earn $2.04 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 3.1% to $957.2 million from $988.2 million last year.
Outlook
The company now expects higher end of organic total net revenue growth range of 5 to 7 percentage points in 2024.
This is at the higher end of Cboe's medium-term organic total net revenue1 guidance expectations of 5 to 7 percentage points.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX