WASHINGTON (dpa-AFX) - (Adds Outlook)
CBOE Global Markets, Inc. (CBOE) on Friday lifted its forecast for fiscal 2024 organic revenue growth, after reporting higher third-quarter earnings, above market estimates.
Outlook
For fiscal 2024, the company now projects organic total net revenue growth in the range of 7 to 9 percentage points, higher than previous guidance of 6 to 8 percentage points.
Further, the company reaffirmed lower end of organic net revenue growth range from Data and Access Solutions of 7 to 10 percentage points in 2024.
Q3 Results
The company's bottom line came in at $217.4 million or $2.07 per share, higher than $207.1 million or $1.95 per share, in last year's third quarter.
Adjusted earnings were $232.9 million or $2.22 per share for the period.
Analysts on average had expected the company to earn $2.19 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 16.2% to $1.056 billion from $908.8 million last year.
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