Cboe Global's (CBOE) Q2 Earnings Beat Estimates, Rise Y/Y
Zacks Investment Research | Aug 04, 2019 10:15PM ET
Cboe Global Markets, Inc.’s (NYSE:CBOE) second-quarter 2019 adjusted earnings of $1.13 per share beat the Zacks Consensus Estimate by 5.6% on the back of its Options segment. Moreover, the bottom line increased 7.6% year over year.
Operational Details
Total revenues came in at $283.2 million, missing the Zacks Consensus Estimate by 0.3%. Moreover, the top line dipped nearly 0.1% due to lower trading volume across all business segments apart from the Options segment.
Average daily volume for Options inched up 2% year over year while the revenue per contract or RPC slipped 1% in the second quarter.
Total RPC for U.S. Futures was up 7% year over year.
Total operating expenses increased 2.3% year over year to $158 million.
Adjusted operating margin for the quarter under review was 63.6%, reflecting lower costs.
Cboe Global Markets, Inc. Price, Consensus and EPS Surprise
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