CBOE Holdings, Inc. (CBOE) Friday reported first-quarter net income allocated to common stockholders of $42.1 million or $0.50 per share, down from $48.5 million or $0.56 per share in the comparable quarter last year.
On an adjusted basis, net income for the latest first quarter declined to $42.3 million or $0.50 per share from $50 million or $0.58 per share in the prior year. On average, 15 analysts polled by Thomson Reuters expected the company to report profit per share of $0.48 for the quarter. Analysts' estimates typically exclude special items.
Operating revenue was $142.84 million, down 10% from $157.89 million a year ago, while analysts expected revenue of $139.57 million for the quarter.
Further, CBOE Holdings' Board of Directors declared a second-quarter dividend of $0.21 per share, payable June 19, 2015, to stockholders of record as of May 29, 2015.
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