CHICAGO (AP) — CHICAGO (AP) — CBOE Global Markets, Inc. (CBOE) on Friday reported fourth-quarter net income of $313.5 million.
On a per-share basis, the Chicago-based company said it had net income of $2.97. Earnings, adjusted for one-time gains and costs, came to $3.06 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.93 per share.
The holding company for the Chicago Board Options Exchange posted revenue of $1.2 billion in the period. Its adjusted revenue was $671.1 million, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $659.6 million.
For the year, the company reported profit of $1.1 billion, or $10.42 per share. Revenue was reported as $2.43 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBOE at https://www.zacks.com/ap/CBOE
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