Cboe Global Markets Reports Third Quarter 2017 Results

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Go back to Cboe Global Markets Reports Third Quarter 2017 Results

CBOE Holdings (CBOE) Tops Q3 EPS by 1c

November 7, 2017 7:35 AM EST

CBOE Holdings (NASDAQ: CBOE) reported Q3 EPS of $0.89, $0.01 better than the analyst estimate of $0.88. Revenue for the quarter came in at $269.7 million versus the consensus estimate of $270.3 million.

Total revenues less cost of revenues (referred to as \"net revenue\"), were $269.7 million, up 98 percent from $136.2 million in the prior year period, driven primarily by a $112.6 million net revenue contribution from legacy Bats for the third quarter of 2017 and increases in net transaction fees.Excluding legacy Bats\' net revenue contribution, the company\'s organic net revenue2 was $157.1 million, up $20.9 million or 15 percent, compared... More