Published on 3 May 2024 on GuruFocus.com via Yahoo Finance
Cboe Global Markets Inc (CBOE) Q1 2024 Earnings: Strong Start with Record Revenues and Adjusted ...
Revenue: Reported at $502.1 million, up 7% year-over-year, falling short of the estimated $504.80 million.Net Income: Reached $208.3 million, a 21% increase from the previous year, below the estimate of $216.72 million.Earnings Per Share (EPS): Achieved $1.96, up 20% year-over-year, below the estimated $2.04.Operating Income: Grew to $282.4 million, marking a 14% increase year-over-year.Operating Margin: Improved to 56.2%, up from 52.6% in the previous year.EBITDA: Increased to $337.1 million, up 11% year-over-year, with an EBITDA margin of 67.1%.Dividends and Share Repurchases: Paid dividends of $58.5 million and repurchased shares worth $89.3 million during the quarter.
Cboe Global Markets Inc (CBOE) released its 8-K filing on May 3, 2024, disclosing its financial results for the first quarter of 2024. The company reported a robust start to the year, achieving record net revenues and strong adjusted earnings, driven by significant growth in its Derivatives and Data and Access Solutions segments.
