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Cboe tops Q3 profit estimates on strong trading volumes
  + stars: | 2023-11-03 | by ( ) www.reuters.com   time to read: +1 min
Chicago Board Options Exchange (CBOE) Global Markets sign hangs at its headquarters building in Chicago, Illinois, U.S., September 19, 2018. REUTERS/Michael Hirtzer Acquire Licensing RightsNov 3 (Reuters) - Exchange operator Cboe Global Markets Inc (CBOE.Z), on Friday sailed past analysts' estimates for third-quarter profit as transaction volumes surged amid spiraling volatility in the global markets across asset classes. Revenue from its options segment surged 14%, while total revenue rose 9% to $480.5 million. On an adjusted basis, Cboe posted a profit of $2.06 per share, compared to analysts' average estimate of $1.86, according to LSEG data. Cboe expects organic net revenue growth to be at the high end of its target of 7% to 9% in 2023.
Persons: Michael Hirtzer, Cboe, Sri Hari, Sriraj Organizations: Exchange, REUTERS, Cboe, Markets Inc, Revenue, Nasdaq, Intercontinental Exchange, Sri, Thomson Locations: Chicago , Illinois, U.S, Bengaluru
People walk by the Chicago Board Options Exchange (CBOE) Global Markets headquarters building in Chicago, Illinois, U.S., September 19, 2018. REUTERS/Michael Hirtzer/File PhotoAug 4 (Reuters) - Exchange operator Cboe Global Markets (CBOE.Z), on Friday reported a rise in its quarterly profit, driven by swelled up trading volumes as markets continue to rebound from last year. The Chicago-based group, which provides trading platforms for equities, foreign exchange and derivative products across markets in different regions, saw its net revenue rise 10% to $467.1 million. Cboe's results wrap up a strong quarter for exchange operators. Its peer, New York Stock Exchange-parent Intercontinental Exchange (ICE.N), also reported upbeat results on Thursday.
Persons: Michael Hirtzer, Investors, Cboe, Jaiveer Singh, Milla Nissi Organizations: Chicago, Exchange, REUTERS, Cboe, New York Stock Exchange, Intercontinental Exchange, Thomson Locations: Chicago , Illinois, U.S, Chicago, Bengaluru
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