Cboe Global Markets Reiterated FY24 Organic Net Revenue Growth of 5%-7%, Organic Net Revenue from Data and Access Solutions Growth of 7%-10%, Capex of $51M-$57M
Portfolio Pulse from Benzinga Newsdesk
Cboe Global Markets has provided its fiscal year 2024 financial guidance, anticipating organic net revenue growth of 5%-7%, with Data and Access Solutions revenue expected to grow 7%-10%. Adjusted operating expenses are projected to be $795M-$805M, with capital expenditures forecasted at $51M-$57M. The company also expects a non-operating income benefit of $37M-$43M from minority investments and an effective tax rate of 28.5%-30.5%.
May 03, 2024 | 11:35 am
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Cboe Global Markets anticipates a 5%-7% organic net revenue growth and 7%-10% growth in Data and Access Solutions revenue for FY24, with adjusted operating expenses of $795M-$805M and capex of $51M-$57M.
The guidance provided by Cboe indicates a positive outlook for FY24 with expected growth in key revenue areas and a controlled range of operating expenses and capital expenditures. This suggests a strong financial position and operational efficiency, likely leading to a positive investor sentiment and potential stock price increase in the short term.
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