Cboe Global Markets Q4 Adj EPS $2.06 Beats $2.03 Estimate, Sales $499.00M Miss $511.68M Estimate
Portfolio Pulse from Benzinga Newsdesk
Cboe Global Markets reported Q4 adjusted EPS of $2.06, surpassing the $2.03 estimate, marking a 14.44% year-over-year increase. However, its sales of $499M fell short of the $511.68M estimate, despite a 9.17% increase from the previous year.
February 02, 2024 | 12:31 pm
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NEUTRAL IMPACT
Cboe Global Markets exceeded Q4 EPS estimates but missed on sales, showing strong profit growth but revenue below expectations.
The mixed results with an earnings beat but a miss on revenue forecasts could lead to a neutral short-term impact on CBOE's stock price. Investors may weigh the positive earnings growth against the slight revenue shortfall, leading to mixed sentiment.
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