Cboe Global Markets (NASDAQ: CBOE) reported Q4 EPS of $1.54, $0.17 better than the analyst estimate of $1.37. Revenue for the quarter came in at $334.4 million versus the consensus estimate of $324.96 million.

2019 Fiscal Year Financial Guidance

The company provided the following guidance for the 2019 fiscal year:

• Adjusted operating expenses are expected to be in a range of $420 to $428 million, representing a projected decline of 2 percent to a nominal increase compared to 2018’s adjusted operating expenses of $426.8 million. The guidance excludes the amortization of acquired intangible assets of $138 million, which the company plans to include in its non-GAAP reconciliation.²
• Depreciation and amortization expense, which is included in adjusted operating expenses above, is expected to be in the range of $35 to $40 million, excluding the amortization of acquired intangible assets of $138 million.
• The effective tax rate² on adjusted earnings for the full year is expected to be in the range of 27 to 29 percent. Significant changes in trading volume, expenses, federal, state and local tax laws or rates and other items could materially impact this expectation.
• Capital expenditures are expected to be in the range of $50 to $55 million.

For earnings history and earnings-related data on Cboe Global Markets (CBOE) click here.