CBOE Global Markets, Inc. (CBOE) has reported a decline in its second-quarter profit compared to the previous year, although the results surpassed analysts' expectations.
The company posted earnings of $139.7 million, or $1.33 per share, for the quarter. This represents a decrease from $167.0 million, or $1.57 per share, in the same period last year.
On an adjusted basis, excluding special items, CBOE Global Markets recorded earnings of $226.2 million, or $2.15 per share.
Analysts, on average, had projected earnings of $2.10 per share, according to data from Thomson Reuters. These estimates typically exclude special items.
Revenue for the quarter saw a 7.3% increase, reaching $974.0 million compared to $907.8 million the previous year.
Key financial metrics for CBOE Global Markets, Inc. (GAAP):
- Earnings (Q2): $139.7 million vs. $167.0 million last year
- EPS (Q2): $1.33 vs. $1.57 last year
- Revenue (Q2): $974.0 million vs. $907.8 million last year
