CBOE Holdings Sees Increased Profits; Beats Estimates (CBOE)
Chicago Board Options Exchange holding company, CBOE Holdings, Inc(CBOE) saw an increase in profits for the fourth quarter, beating estimates on Friday.
The Chicago, IL based company reported fourth quarter earnings of $39.2 million, or 45 cents per share, up from $31.3 million, or 35 cents per share. Excluding special items, earnings were $38.9 million, or 45 cents per share, up from $33.2 million, or 37 cents per share last year. Analysts expected to see earnings of 42 cents per share for the fourth quarter.
Revenue for the quarter increased to $130.1 million from $120.2 million last year. Analysts estimated revenue of $127.48 million.
The upside in revenue is due to a raise in transaction fees and an increased amount of exchange services provided.
CBOE Holdings shares were up $1.70, or 4.96% during premarket trading Friday. The stock has increased 29% in the past year.
The Bottom Line
Shares of CBOE Holdings, Inc(CBOE) have a 1.75% yield, based on Thursday’s closing price of $34.30.
CBOE Holdings, Inc(CBOE) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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