February 8, 2019 / 12:33 PM / 5 months ago

BRIEF-Cboe Global Markets Reports Fourth Quarter 2018 Results

Feb 8 (Reuters) - Cboe Global Markets Inc:

* NET REVENUE FOR Q4 OF $334.4 MILLION, UP 26 PERCENT

* ON TRACK TO ACHIEVE 2020 RUN-RATE SYNERGY TARGET OF $85 MILLION

* EXITED 2018 WITH RUN-RATE SYNERGIES OF $57 MILLION

* SEES 2019 ADJUSTED OPERATING EXPENSES TO BE $420 TO $428 MILLION

* SEES 2019 ADJUSTED OPERATING EXPENSES IN A RANGE OF $420 MILLION TO $428 MILLION

* QTRLY TOTAL COMPANY OPTIONS ADV 8.6 MILLION VERSUS ABOUT 7 MILLION REPORTED LAST YEAR

* SEES 2019 CAPITAL EXPENDITURES TO BE IN THE RANGE OF $50 MILLION TO $55 MILLION

* SEES 2019 EFFECTIVE TAX RATE ON ADJUSTED EARNINGS TO BE 27 TO 29 PERCENT

* QTRLY TOTAL FUTURES ADV 338,000 VERSUS 285,000 REPORTED LAST YEAR

* AT DECEMBER 31, 2018, HAD ADJUSTED CASH AND FINANCIAL INVESTMENTS OF $257.7 MILLION

* Q4 EARNINGS PER SHARE VIEW $1.37, REVENUE VIEW $324.9 MILLION -- REFINITIV IBES DATA Source text: (bit.ly/2SiGAu9) Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below