Bats Global Market (BATS) Tops Q4 EPS by 7c
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Bats Reports Fourth Quarter Net Income Growth of 50%
February 9, 2017 7:00 AM ESTSets Record for Full Year 2016 Net Revenue of $436 Million
KANSAS CITY, Mo.--(BUSINESS WIRE)-- Bats Global Markets, Inc. (Bats: BATS), a leading global exchange operator and provider of market data and other financial markets services, today reported net income of $32.5 million and adjusted earnings of $38.5 million for the fourth quarter ended December 31, 2016. Net income increased 50% and adjusted earnings rose 35% compared to the same period in 2015 driven primarily by continued growth in non-transaction revenue, realization of synergies from the Direct Edge acquisition and a lower effective tax rate in the... More
