CBOE Holdings Posts Higher Q4 Profit - Quick Facts

(RTTNews) - CBOE Holdings Inc. (CBOE) said its fourth-quarter 2013 GAAP net income allocated to common stockholders grew to $45.6 million, or $0.52 per share, from $39.2 million, or $0.45 per share, in the 2012 period. On average, 15 analysts polled by Thomson Reuters expected the company to report earnings of $0.48 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenue for the recent quarter was $141.8 million, up 9 percent, compared with $130.1 million last year, chiefly reflecting higher revenue of $8.2 million in transaction fees, $1.5 million in market data fees, $1.3 million in exchange services and other fees and $1.1 million in regulatory fees, offset somewhat by a decrease of $0.7 million in access fees. Fourteen analysts estimated revenues of $141.69 million for the quarter.

For the year 2014, CBOE Holdings now expects core operating expenses in the range of $191.0 million - $196.0 million. The company also plans to recognize accelerated stock-based compensation expense of around $3.0 million in the first quarter of 2014.