CBOE Holdings Earnings: Here’s What You Need to Know Now

CBOE Holdings, Inc. (NASDAQ:CBOE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.5%.

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CBOE Holdings, Inc. Earnings Cheat Sheet

Results: Net income increased 22.29% to $38.9 million (45 cents per diluted share) in the quarter versus a net gain of $31.81 million in the year-earlier quarter.

Revenue: Rose 8.23% to $130.1 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: CBOE Holdings, Inc. reported adjusted net income of 45 cents per share. By that measure, the company beat the mean analyst estimate of $0.42. It beat the average revenue estimate of $127.48 million.

Quoting Management: “CBOE Holdings’ record-setting financial results for the fourth quarter and strong overall performance for 2012 were made more noteworthy given the year’s well-known macro challenges. Our ability to leverage our higher-margin, proprietary products and to effectively manage our resources enabled CBOE to return increased value to stockholders while continuing to invest in product development, trading technology and investor education. As a result, we enter 2013 well positioned to continue to enhance stockholder value and to grow and shape the options and volatility space,” said William J. Brodsky, CBOE Holdings Chairman and Chief Executive Officer.

Key Stats (on next page)…

Revenue increased 1.39% from $128.32 million in the previous quarter. Net income decreased 14.99% from $45.76 million in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.44 to a profit $0.45. For the current year, the average estimate has moved up from a profit of $1.63 to a profit of $1.65 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)