FX.co ★ CBOE Global Markets, Inc. Q1 Profit Increases, beats estimates

CBOE Global Markets, Inc. (CBOE) has reported an increase in its first-quarter earnings compared to the same period last year, surpassing market expectations. The company recorded earnings of $208.3 million, amounting to $1.96 per share. This represents a considerable increase from last year's first quarter, when the company earned $172.6 million, equating to $1.63 per share.

After adjusting for specific items, the quarter's earnings stand at $227.7 million or $2.15 per share. Thomson Reuters compiled average market projections anticipated earnings of $2.04 per share; these estimations generally exclude unique items.

However, the company’s revenue for the first quarter experienced a decline of 3.1%, dropping to $957.2 million from the previous year's $988.2 million.

A snapshot of CBOE Global Markets, Inc.'s first-quarter earnings as per the Generally Accepted Accounting Principles (GAAP) is as follows: the earnings increased to $208.3 million from $172.6 million last year, earnings per share (EPS) rose from $1.63 to $1.96, and revenue fell to $957.2 million, compared to $988.2 million last year.