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CHICAGO (AP) — CHICAGO (AP) — CBOE Global Markets, Inc. (CBOE) on Friday reported fourth-quarter net income of $196.5 million.
On a per-share basis, the Chicago-based company said it had net income of $1.86. Earnings, adjusted for one-time gains and costs, were $2.10 per share.
The results fell short of Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $2.13 per share.
The holding company for the Chicago Board Options Exchange posted revenue of $1.11 billion in the period. Its adjusted revenue was $524.5 million, also falling short of Street forecasts. Nine analysts surveyed by Zacks expected $527.7 million.
For the year, the company reported profit of $764.9 million, or $7.21 per share. Revenue was reported as $2.07 billion.
CBOE shares have increased nearly 6% since the beginning of the year. The stock has increased 15% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBOE at https://www.zacks.com/ap/CBOE