CHICAGO (AP) — CHICAGO (AP) — CBOE Global Markets, Inc. (CBOE) on Friday reported first-quarter profit of $172.6 million.
On a per-share basis, the Chicago-based company said it had profit of $1.63. Earnings, adjusted for one-time gains and costs, were $1.90 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.85 per share.
The holding company for the Chicago Board Options Exchange posted revenue of $988.2 million in the period. Its adjusted revenue was $471.4 million, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $481 million.
CBOE shares have climbed 9% since the beginning of the year. The stock has risen 20% in the last 12 months.
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