November 2, 2018 / 11:40 AM / 12 days ago

Exchange operator Cboe's quarterly profit rises 42 pct

Nov 2 (Reuters) - Cboe Global Markets Inc reported a 42 percent rise in quarterly profit on Friday as the exchange operator benefited from a lower tax provision and managed to rein in expenses.

Net income allocated to common stockholders rose to $85 million, or 76 cents per share, in the third quarter ended Sept. 30, from $59.7 million, or 53 cents per share, a year earlier. (Reporting by Mary Ann Alapatt in Bengaluru; Editing by Shailesh Kuber)

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