Exchange operator CBOE profit beats estimates on robust trading volumes

div classBodysc17zpet90 cdBBJodivpReuters CBOE Global Markets Inc topped firstquarter profit expectations on Friday, as growth in transaction volumes for the exchange operator resulted in higher fees from trading options. p

pNet income, excluding onetime expenses, rose to 184.3 million, or 1.73 per share, in the three months ended March from 164.8 million, or 1.53 per share, a year ago. Analysts on average expected the company to earn 1.68 a share, according to Refinitiv data.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pCBOE, however, posted a 3.6 drop in total revenue to 974.5 million as revenue from North American equities trading fell 3.p

pOptions trading revenue rose 21 and futures revenue was up 2 from a year earlier, when the exchange operator saw record volumes at the peak of the pandemic.p

pCBOE provides trading platforms and products in equities, derivatives and foreign exchange across North America, Europe and Asia Pacific.p

p Reporting by Mehnaz Yasmin in Bengaluru Editing by Amy Caren Daniel and Arun Koyyurp

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