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TMX Group Q2 revenue up 20% YOY

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TMX Group Q2 revenue up 20% YOY

TMX Group Ltd. posted second-quarter net income of C$95.6 million, or C$1.71 per share, compared with net income of C$66.5 million, or C$1.19 per share, a year earlier.

Adjusted EPS for the period was C$1.34, up from C$1.26 in the prior-year period.

The S&P Global Market Intelligence consensus normalized EPS estimate for the quarter was C$1.35.

Revenue for the quarter grew 20% year over year to C$209.5 million from C$174.9 million.

TMX's capital formation business posted revenue for the quarter of C$57.8 million, compared with C$51.6 million in the year-ago quarter. The company's equities and fixed-income trading and clearing business recorded revenue of C$46.8 million, up slightly from C$46.7 million a year ago. Revenues from derivatives trading and clearing totaled C$33.3 million, compared with C$31.4 million in the same period of 2017.