Bats Global Market (BATS) Tops Q3 EPS by 4c

Bats Global Market (BATS: BATS) reported Q3 EPS of $0.36, $0.04 better than the analyst estimate of $0.32. Revenue for the quarter came in at $108.8 million versus the consensus estimate of $106.2 million.

“The third quarter was strong for Bats and our shareholders, highlighted by the announcement with CBOE Holdings. We expect this transaction, once complete, to move the combined company into new asset classes, products and geographies, all powered by Bats market-leading proprietary technology,” said CEO Chris Concannon. “Operationally, it was business as usual during the quarter as we continued to grow organic net revenue† and adjusted earnings†, driven by continued growth in non-transaction revenues and increased U.S. Options market share.”

For earnings history and earnings-related data on Bats Global Market (BATS) click here.

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