CBOE Profit, Revenue Miss Estimates

CBOE Holdings Inc. said Friday it had net income of $49.3 million, or 58 cents a share, in the fourth quarter, up from $45.6 million, or 52 cents a share, in the year-earlier period. The holding company for the Chicago Board Options Exchange said adjusted per-share earnings came to 64 cents, below the FactSet consensus of 66 cents. Operating revenue rose 17% to $166.5 million, compared with the FactSet consensus of $167 million. Revenue growth was driven by trading of proprietary products, S&P 500 Index options and CBOE Volatility Index futures and options, the company said in a statement. Shares were not yet active in premarket trade, but have gained 6.1% in the last three months, while the S&P 500 has gained 1.5%.