CHICAGO (AP) — CHICAGO (AP) — CBOE Global Markets, Inc. (CBOE) on Friday reported first-quarter net income of $249.4 million.
The Chicago-based company said it had net income of $2.37 per share. Earnings, adjusted for one-time gains and costs, were $2.50 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $2.36 per share.
The holding company for the Chicago Board Options Exchange posted revenue of $1.2 billion in the period. Its adjusted revenue was $565.2 million, also beating Street forecasts. Nine analysts surveyed by Zacks expected $556.6 million.
CBOE shares have risen 13% since the beginning of the year. The stock has climbed 23% in the last 12 months.
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