February 8, 2019 / 12:12 PM / 5 months ago

Exchange operator Cboe's profit rises 76 pct

Feb 8 (Reuters) - Exchange operator Cboe Global Markets Inc reported a 76 percent rise in adjusted quarterly profit on Friday, as it earned more from transaction fees.

Adjusted net income allocated to common stockholders rose to $171.6 million, or $1.54 per share, in the fourth quarter ended Dec. 31, from $97.7 million, or 87 cents per share, a year earlier.

Analysts, on average, had expected the Chicago-based company to report a profit of $1.37 per share, according to IBES data from Refinitiv. (Reporting by Bharath Manjesh in Bengaluru; Editing by Shailesh Kuber)

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