CBOE Holdings Q2 Profit Up, Beats Estimates - Quick Facts

(RTTNews) - CBOE Holdings, Inc.(CBOE), an operator of markets for the trading of listed and exchange-traded options contracts, Friday reported an increase in net income for the second quarter, reflecting increase in revenues. Earnings per share also exceeded the analysts estimates.

Net Income Allocated to Common Stockholders for the three-month period was $45.4 million or $0.52 per share, compared with $37.7 million or $0.44 per share during the same quarter last year.

On an adjusted basis, net income allocated to common stockholders was $47 million or $0.54 per share.

On average, sixteen analysts polled by Thomson Reuters expected the company to report profit of $0.51 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues for the tri-monthly period increased 14 percent to $150.8 million from prior year's $132.6 million. The Street estimated the company to report revenues of $149.32 million.

The company's CEO said, "...Our strong results were driven by increased trading overall and our successful efforts to expand trading in our higher-margin proprietary products..."