Cboe's Q4 Revenue Rises, EPS Falls Short
Derivatives and securities exchange operator Cboe Global Markets (NYSEMKT:CBOE) reported fourth-quarter and full-year 2024 earnings on Friday, Feb. 7, that fell just short of consensus estimates. Its adjusted EPS of $2.10 came in below analyst expectations of $2.13. Net revenue in Q4 stood at $524.5 million, just shy of the predicted $525 million, and showed a 5.1% increase year over year.
Despite these slight misses, Cboe recorded a solid annual performance with notable revenue growth spread across its segments. However, growth in operating income was tempered by rising expenses, highlighting the delicate balance of expansion and cost management.
Source: Cboe Global Markets. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year. pps = Percentage points.
Source Fool.com
