CBOE Holdings Q4 Profit Rises - Quick Facts

(RTTNews) - CBOE Holdings Inc. (CBOE) reported that its GAAP net income allocated to common stockholders for the fourth quarter ended December 31, 2015 rose to $50.2 million or $0.61 per share, from $49.1 million, or $0.58 per share, in the fourth quarter of 2014.

On an adjusted basis, net income allocated to common stockholders was $48.9 million, or $0.59 per diluted share, compared with $53.6 million, or $0.64 per diluted share, in the prior year period.

GAAP operating revenue for the fourth quarter was $156.0 million, down 6 percent compared to $166.5 million in 2014's fourth quarter. Adjusted operating revenue was $154.0 million, down 8 percent compared to $166.5 million in the fourth quarter of 2014.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.55 per share and revenues of $152.31 million for the quarter. Analysts' estimates typically exclude special items.

Core operating expenses for fiscal year 2016 are expected to be in the range of $211.0 million to $215.0 million, an increase of 8 to 10 percent compared with $195.5 million in 2015. The increase in core expenses is due in part to higher costs associated with regulatory services and the addition of Livevol, Inc., which was acquired in August of 2015. However, both of these categories contribute revenue that is expected to offset these incremental expenses.