CBOE Holdings Q2 Profit Down - Quick Facts

(RTTNews) - CBOE Holdings, Inc.'s (CBOE) second-quarter 2014 net income allocated to common stockholders slid to $42.6 million, or $0.50 per share, from $45.5 million, or $0.52 per share, last year. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.50 for the quarter. Analysts' estimates typically exclude special items.

The Chicago, Illinois-based company, the parent of the Chicago Board Options Exchange, reported total operating revenues of $143.9 million, a 5% decline from the prior year's $150.8 million, mainly reflecting lower revenue of $8.2 million in transaction fees and $0.7 million in regulatory fees, offset somewhat by a $2.1 million increase in market data fees. Analysts expected revenue of $143.73 million for the quarter.

Looking ahead, the company is lowering its guidance for core operating expenses for the 2014 fiscal year. It now expects core expenses to be in the range of $186.0 million to $190.0 million, down from its prior range of $191.0 million to $196.0 million.

Further, as announced earlier, CBOE Holdings' board has increased the quarterly dividend by 17 percent to $0.21 per share and authorized an additional $100 million for its share repurchase program. The dividend increase is effective with the third quarter dividend, payable September 19, 2014, to stockholders of record as of August 29, 2014.