Cboe Global Markets Inc. reported second-quarter net income allocated to common shareholders of $87.6 million, up 6% from $82.4 million a year ago.
EPS rose 8% year over year to 78 cents from 73 cents.
Adjusted net income allocated to common shareholders for the most recent quarter improved 6% year over year to $125.7 million from $118.2 million. Adjusted EPS likewise went up 8% to $1.13 from $1.05.
The S&P Global Market Intelligence consensus normalized EPS estimate for the second quarter was $1.07.
Total revenues were $620.6 million for the second quarter, down from $667.5 million in the three months ended June 30, 2018.
Operating income decreased on a year-over-year basis to $125.2 million from $129.1 million. But on an adjusted basis, operating income rose year on year to $180.1 million from $177.4 million. Total GAAP operating expenses also went up 2% to $158.0 million from $154.4 million. But non-GAAP operating expenses went down year over year 3% to $103.1 million from $106.1 million.
The company updated its outlook for adjusted operating expenses for full year 2019, now expecting it to be in the range of $405 million to $413 million, down $10 million from the previous forecast range of $415 million to $423 million. The guidance excludes the amortization of acquired intangible assets of $138 million, which the company plans to include in its non-GAAP reconciliation.
Cboe also announced that on July 30, its board elected Fredric Tomczyk to fill a vacancy, resulting from the board increasing its size to 14 members, effective immediately. Tomczyk was president and CEO of TD Ameritrade Holding Corp.