CBOE Holdings, Inc. (CBOE) Misses Q2 EPS by 2c

CBOE Holdings, Inc. (NASDAQ: CBOE) reported Q2 EPS of $0.50, $0.02 worse than the analyst estimate of $0.52. Revenue for the quarter came in at $143.9 million versus the consensus estimate of $146.24 million.

"While second-quarter results reflected lackluster trading volume industry-wide and muted market volatility, CBOE posted solid financial results and continued to deliver long-term value, both to our shareholders and market participants," said Edward T. Tilly, CBOE Holdings Chief Executive Officer. "We were pleased to increase our quarterly dividend as well as our share repurchase authorization and are very encouraged with the response to our extended trading hours for VIX futures, which now trade nearly 24 hours a day, five days a week. Moreover, we continued to advance our strategic growth initiatives so that CBOE is well positioned to benefit in more favorable market conditions."

"During the second quarter, we generated $33 million in cash flow from operations and returned $73 million in cash to shareholders through dividends and share repurchases. This brings our cumulative return of capital to nearly $975 million since 2010," said Alan J. Dean, CBOE Holdings Executive Vice President and Chief Financial Officer. "We remain focused on creating value for our shareholders and are pleased that our strong cash flow generation allows us to both invest in our business and increase cash returned to shareholders."

For earnings history and earnings-related data on CBOE Holdings, Inc. (CBOE) click here.

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